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Use the income statement and the list of changes to answer the question. Stuart Company Income Statement January 1 to December 31, 2017 (amounts in
Use the income statement and the list of changes to answer the question.
Stuart Company Income Statement January 1 to December 31, 2017 (amounts in thousands) | |
---|---|
Revenue | 8,800 |
Cost of Goods Sold (COGS) | 2,640 |
Gross Income | 6,160 |
Sales, General, & Administrative Expenses (SG&A) | 880 |
Depreciation Expense | 900 |
Other Expenses | 500 |
Earnings Before Interest & Taxes (EBIT) | 3,880 |
Interest | 110 |
Pre-Tax Income | 3,770 |
Income Taxes | 1,508 |
Net Income | 2,262 |
Between January 1 and December 31, 2017:
1. Accounts Receivable decrease by $300,000 2. Accounts Payable decrease by $900,000 3. Gross Property, Plant, & Equipment increase by $7,500,000 4. Long Term Debt decreases by $600,000
Assume no other changes
What is the Net Cash Flow?
Please specify your answer in the same units as the income statement.
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