Based on the following information for Pinkerly Inc., a fictitious company, what are the total adjustments that

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Based on the following information for Pinkerly Inc., a fictitious company, what are the total adjustments that the company would make to net income in order to derive operating cash flow?

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A. Add $5 million.
B. Add $21 million.
C. Subtract $9 million.

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International Financial Statement Analysis CFA Institute Investment Series

ISBN: 9780470287668

1st Edition

Authors: Thomas R. Robinson, Hennie Van Greuning CFA, Elaine Henry, Michael A. Broihahn, Sir David Tweedie

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Question Posted: Feb 14, 2024 09:00 AM

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Based on the following information for Pinkerly Inc., a fictitious company, what are the total adjustments that

Question:

Income statement item Net income Depreciation Balance sheet item Accounts receivable Inventory Accounts payable 12/31/2008 $15 million $16 million $10 million Year Ended 12/31/2009 $30 million $7 million 12/31/2009 $30 million $13 million $20 million Change $15 million ($3 million) $10 million

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A is correct To derive operating cash flow the company would make the following adju...View the full answer

International Financial Statement Analysis CFA Institute Investment Series

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