Use the income statement and the list of changes to answer the question.

Dansko Integrated Income Statement January 1 to December 31, 2022 (amounts in thousands)
Revenue	8,500
Cost of Goods Sold (COGS)	2,550
Gross Income	5,950
Sales, General, & Administrative Expenses (SG&A)	1,700
Depreciation Expense	800
Other Expenses	500
Earnings Before Interest & Taxes (EBIT)	2,950
Interest	90
Pre-Tax Income	2,860
Income Taxes	1,144
Net Income	1,716

Between January 1 and December 31, 2022:

1. Accounts Receivable decrease by $400,000 2. Accounts Payable increase by $900,000 3. Gross Property, Plant, & Equipment increase by $6,700,000 4. Long Term Debt decreases by $200,000

Assume no other changes

What is the Net Cash Flow?

Answer rating: 100% (QA)

Answer To determine the net cash flow we need to consider the chang... View the full answer