Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Vision Max had net income of $ 1 0 0 . Accounts receivables increased $ 1 0 , accounts payables increased $ 5 and the

Vision Max had net income of $100. Accounts receivables increased $10, accounts payables increased $5 and the year's depreciation expense was $30. If Cash Flow from Operations was +$150, what was the change in inventory (INV) over the course of the year?
a. INV decreased $30 during the year
b. INV decreased $10 during the year
c. INV decreased $40 during the year
d. INV decreased $70 during the year
e. INV decreased $25 during the year
f. INV decreased $55 during the year
g. INV increased $30 during the year
h. INV increased $10 during the year
i. INV increased $40 during the year
j. INV increased $70 during the year
k. INV increased $25 during the year
I. INV increased $55 during the year
image text in transcribed

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

Financial Management Principles And Practices

Authors: Sudhindra Bhat

2nd Edition

8174465863, 978-8174465863

More Books

Students also viewed these Finance questions