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Category Prior Year Current Year Accounts payable 3,162.00 5,997.00 Accounts receivable 6,998.00 9,032.00 Accruals 5,670.00 6,053.00...

Category Prior Year Current Year
Accounts payable 3,162.00 5,997.00
Accounts receivable 6,998.00 9,032.00
Accruals 5,670.00 6,053.00
Additional paid in capital 20,326.00 13,196.00
Cash ??? ???
Common Stock 2,850 2,850
COGS 22,787.00 18,104.00
Current portion long-term debt 500 500
Depreciation expense 985.00 1,047.00
Interest expense 1,279.00 1,130.00
Inventories 3,066.00 6,681.00
Long-term debt 16,754.00 22,811.00
Net fixed assets 75,253.00 74,191.00
Notes payable 4,041.00 6,535.00
Operating expenses (excl. depr.) 19,950 20,000
Retained earnings 35,464.00 34,842.00
Sales 46,360 45,609.00
Taxes 350 920

What is the firm's cash flow from operations?

Solutions

Expert Solution

Net income:
Sales              45,609
Expenses:
COGS             (18,104)
Depreciation               (1,047)
Interest               (1,130)
Operating expenses             (20,000)
Taxes                  (920)
Net income                 4,408
Add/(less):
Depreciation                 1,047
Increase in AP                 2,835
Increase in AR               (2,034)
Increase in accruals               (5,717)
Increase in inventory               (3,615)
Cash flow from operations               (3,076)

Cash is used in operatings.

Answer is -3,076 (negative)

jeff jeffy answered 1 year ago
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