Question: Please use this information to solve this problem All in Million USD 2019 2018 Cash and cash equivalents $ 8,934 $ 11,708 Short-term Investments 37,614

Please use this information to solve this problem

All in Million USD

2019

2018

Cash and cash equivalents

$ 8,934

$ 11,708

Short-term Investments

37,614

58,784

Accounts receivable

10,503

10,002

Inventories

1,846

1,616

Prepaid expenses

2,940

1,593

Total current assets

$ 61,837

$ 83,703

Property and equipment

44,395

43,576

Intangible assets

2,552

2,539

TOTAL ASSETS

$ 108,784

$ 129,818

Current liabilities:

Short-term debt

9,651

12,384

Accruals

11,493

2,733

Account payables

2,986

2,895

Deferred revenue

19,685

18,494

Total current liabilities

43,815

36,506

Long-term debt

21,765

27,175

Total liabilities

65,580

63,681

Common stock & additional paid-in

42,820

42,820

Retained earnings

384

23,317

Total equity

43,204

66,137

TOTAL LIABILITIES AND EQUITY

108,784

129,818

Income Statement

2019

Revenue

$ 49,330

Total cost of sales

18,724

GROSS MARGIN

$ 30,606

Research & development

6,332

Sales and marketing

9,242

General admin expense

2,723

OPERATING INCOME

$ 12,309

Interest income

1,508

Interest expense

-778

Income before income tax

$ 13,039

Income taxes

2,607.8

NET INCOME

10,431.20

If the depreciation expense during 2019 is $550 Million, calculate the Change in Cash from Operating Activities for this firm during 2019 based on above information. Also explain what this Change in Cash from Operating Activities for this firm during 2019 mean to investors?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!