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Use the income statement and the list of changes to answer the question. Ruston Company Income Statement January 1 to December 31, 2017 (amounts in
Use the income statement and the list of changes to answer the question.
Ruston Company Income Statement January 1 to December 31, 2017 (amounts in thousands) | |
---|---|
Revenue | 7,800 |
Cost of Goods Sold (COGS) | 1,560 |
Gross Income | 6,240 |
Sales, General, & Administrative Expenses (SG&A) | 780 |
Depreciation Expense | 700 |
Other Expenses | 500 |
Earnings Before Interest & Taxes (EBIT) | 4,260 |
Interest | 70 |
Pre-Tax Income | 4,190 |
Income Taxes | 1,676 |
Net Income | 2,514 |
Between January 1 and December 31, 2017:
1. Accounts Receivable increase by $600,000 2. Accounts Payable increase by $300,000 3. Gross Property, Plant, & Equipment increase by $8,300,000 4. Long Term Debt increases by $700,000
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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