Question: Prepare a cash flow statement for Pfizer Inc. for the year ended December 31, 2026, using the following data: Net Income: $6,000,000 Depreciation Expense: $1,000,000

Prepare a cash flow statement for Pfizer Inc. for the year ended December 31, 2026, using the following data:

    • Net Income: $6,000,000
    • Depreciation Expense: $1,000,000
    • Changes in working capital:
      • Accounts Receivable: $400,000 increase
      • Inventory: $300,000 decrease
      • Accounts Payable: $200,000 increase
      • Prepaid Expenses: $100,000 decrease

Analyze the cash flow activities and operating cash flow.

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!