Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the data below to compute 2014 OCF (Operating Cash Flow): 2014 2013 Cash 14 20 Short-term investments 6 68 Accounts receivable 365 320 Inventories

Use the data below to compute 2014 OCF (Operating Cash Flow):

2014 2013

Cash

14 20
Short-term investments 6 68
Accounts receivable 365 320
Inventories 551 416
Property, plant & equipment (net) 928 873
Accounts payable 48 32
Short-term debt 100 61
Accrued liabilities 147 133
Long-term debt 662 580
Common stock 130 130
Retained earnings 770 714
Net revenue 3144 2853
Depreciation expense 114 93
Interest 90 65
Taxes 80 81
Net income 256 124

(Round to the nearest whole dollar)- ans should be 439

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing In The Public Sector Efficiency Economy And Program Results

Authors: James L. Savage, Felix Pomeranz, Alfred J. Cancellieri, Joseph B. Stevens

1st Edition

0882621238, 978-0882621234

More Books

Students also viewed these Accounting questions