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Net Income: $12,000,000 Depreciation Expense: $500,000 Increase in Accounts Receivable: $200,000 Decrease in Inventory: $100,000 Purchase of Equipment: $1,000,000 Question: Explain the effect of net

    • Net Income: $12,000,000
    • Depreciation Expense: $500,000
    • Increase in Accounts Receivable: $200,000
    • Decrease in Inventory: $100,000
    • Purchase of Equipment: $1,000,000
    • Question: Explain the effect of net income and depreciation expense on operating cash flow.

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