Question

In: Finance

Item Prior year Current year Accounts payable 8,152.00 7,765.00 Accounts receivable 6,093.00 6,539.00 Accruals 968.00 1,384.00...

Item Prior year Current year
Accounts payable 8,152.00 7,765.00
Accounts receivable 6,093.00 6,539.00
Accruals 968.00 1,384.00
Cash ??? ???
Common Stock 11,707.00 11,223.00
COGS 12,746.00 18,266.00
Current portion long-term debt 5,066.00 5,052.00
Depreciation expense 2,500 2,796.00
Interest expense 733 417
Inventories 4,107.00 4,816.00
Long-term debt 14,369.00 14,055.00
Net fixed assets 51,018.00 54,844.00
Notes payable 4,305.00 9,922.00
Operating expenses (excl. depr.) 13,977 18,172
Retained earnings 28,906.00 30,194.00
Sales 35,119 46,371.00
Taxes 2,084 2,775

What is the firm's cash flow from operations?

Submit

Answer format: Number: Round to: 0 decimal places.

Solutions

Expert Solution

Firms cash flow from operations is 11,218

Calculations:

Step 1: calculation of income statement

In order to calculate the firms cash flow from operations, we need net income therefore, at first we have to calculate net income using income statement.

Sales

46,371.00

COGS

18,266.00

Gross profit

28,105.00

Operating expenses

18,172

Depreciation expense

2,796.00

EBIT

7,137.00

Interest expense

417

EBT

6,720.00

Taxes

2,775

Net income

3,945.00

Step 2: - calculation of cash flow from operations – indirect method

Net income

3,945.00

+ NON cash expense (depreciation)

2,796.00

+ increase in accruals (1,384-968)

416.00

+ increase in notes payable (9,922-4,305)

5,617.00

-decrease in accounts payable(8,152-7,765)

387.00

-increase in accounts receivable (6,539-6,093)

446.00

- increase in inventories (4,816-4,107)

709.00

-decrease in current portion of long term debt (5,066-5,052)

14.00

OPERATING CASH FLOW

11,218.00

Note: - Here the duration of noted payable is not given, therefore we assumed that notes payable are current liabilities.

jeff jeffy answered 1 year ago
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