Question
In 2018, a company using IFRS made cash payments of 6 million for salaries, 2 million for interest expense, and 4 million for income taxes.
In 2018, a company using IFRS made cash payments of 6 million for salaries, 2 million for interest expense, and 4 million for income taxes. Additional information for the company is provided in the table:
| ( million) | 2018 | 2017 |
|---|---|---|
| Revenue | 37 | 42 |
| Cost of goods sold | 16 | 18 |
| Inventory | 40 | 36 |
| Accounts receivable | 19 | 22 |
| Accounts payable | 12 | 14 |
Based only on the information given, the companys operating cash flow for 2018 is closest to:
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Management Accounting
Authors: Charles T Horngren, Gary L Sundem, William O Stratton, Howard D Teall, George Gekas
5th Canadian Edition
0131922688, 978-0131922686
