Question
The following information is for Casper Company. Depreciation expense..................................... $150 Book value per share................................... $17.00 Number of shares outstanding............. 75 shares Increase in accounts payable.............................
The following information is for Casper Company. Depreciation expense..................................... $150 Book value per share................................... $17.00 Number of shares outstanding............. 75 shares Increase in accounts payable............................. 48 Current ratio...................................................... 2.00 Earnings per share.......................................... $4.00 Increase in inventory........................................... 55 Net income.......................................................... 310 Decrease in accounts receivable........................ 70 Price-to-book ratio............................................. 2.20 Using this information, compute Casper Companys OPERATING CASH FLOW. Write the dollar amount of your answer.
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