Question
the company's net income is $11.5 million, with depreciation expenses of $550,000. Accounts receivable increased by $220,000, while accounts payable decreased by $300,000. The company's
the company's net income is $11.5 million, with depreciation expenses of $550,000. Accounts receivable increased by $220,000, while accounts payable decreased by $300,000. The company's investment in equipment amounted to $1.1 million. Our task is to calculate the operating cash flow, which measures the cash generated from a company's normal business operations, and determine the inventory turnover ratio, which evaluates how efficiently a company manages its inventory by measuring the number of times inventory is sold and replaced over a specific period.
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