A company reporting under US GAAP made cash payments of $10 million for salaries, $4 million...
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A company reporting under US GAAP made cash payments of $10 million for salaries, $4 million for interest expense, and $4 million for income taxes. Additional information for the company is provided in the table: 2019 2020 Revenue 55 37 Cost of goods sold 28 16 Inventory 38 40 Accounts receivable 22 19 Accounts payable 11 12 Based only on the information given, what is the company's operating cash flow for 2020 ? A company reporting under US GAAP made cash payments of $10 million for salaries, $4 million for interest expense, and $4 million for income taxes. Additional information for the company is provided in the table: 2019 2020 Revenue 55 37 Cost of goods sold 28 16 Inventory 38 40 Accounts receivable 22 19 Accounts payable 11 12 Based only on the information given, what is the company's operating cash flow for 2020 ?
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Answer rating: 100% (QA)
The operating cash flow OCF can be calculated using the following formula OCF EBIT Depreciation Taxe... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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