Enigma has the following financial information: Net income $70,000 Taxable income (EBT) $100,000 Interest expense $20,000 Depreciation
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Question:
Enigma has the following financial information:
Net income $70,000
Taxable income (EBT) $100,000
Interest expense $20,000
Depreciation expense $15,000
Tax expense $30,000
Increase in current assets $20,000
Increase in A/P and accruals $10,000
Decrease in gross fixed assets $100,000
No changes were made to interest payable or taxes payable.
Based on the information above, what is Enigma's cash flow from operations?
Expert Answer:
To calculate Enigmas cash flow from operations we can use the indirect method by starting with net i... View the full answer
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