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Suppose Gulf Shipping Company has the following results related to cash flows for 2019: Net Income of $7,800,000 Decrease in Accounts Payable of $300,000 Increase
Suppose Gulf Shipping Company has the following results related to cash flows for 2019: Net Income of $7,800,000 Decrease in Accounts Payable of $300,000 Increase in Accounts Receivable of $800,000 Increase in Inventory of $900,000 Assuming no other cash flow adjustments than those listed above, create a statement of cash flows with amounts in thousands. What is the Net Cash Flow from Operating Activities? Note: Financial results are provided in dollars but the income statement units are thousands of dollars. Please specify your answer in the same units as the statement of cash flows (i.e., enter the number from your completed statement of cash flows). Suppose Valley Technology has the following results related to cash flows for 2019: Net Income of $7,100,000 Decrease in Accounts Payable of $200,000 Decrease in Accounts Receivable of $600,000 Depreciation of $1,200,000 Increase in Inventory of $500,000 Other Adjustments from Operating Activities of $500,000 Assuming no other cash flow adjustments than those listed above, create a statement of cash flows with amounts in thousands. What is the Net Cash Flow from Operating Activities? Note: Financial results are provided in dollars but the income statement units are thousands of dollars. Please specify your answer in the same units as the statement of cash flows (i.e., enter the number from your completed statement of cash flows)
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