Calculating components of cash inflow from operations Exhibit 5.22 provides items from the financial statements of Information Technologies, a systems engineering firm, for the year. How much cash did Information Technologies collect from its customers during theyear?

Transcribed Image Text:

Information Technologies Data from Income Statement for Current Year EXHIBIT 5.22 (all dollar amounts in thousands) (Exercise 22) Sales $ 14,508 (11,596) (114) (2,276) Cost of Goods Sold Depreciation Expense Other Expenses, Including Salaries and Wages Expense Income Taxes.. Net Income. (210) 312 Data from Begining- and End-of-Year Balance Sheets $782 Decrease Accaunts Receivable . Inventories .. 66 Decrease Prepayments for Other Costs. Accounts Payable for Inventories Current Liabilities for Wages and Salaries Payable 102 Decrease 90 Increase 240 Decrease