Question $\mathrm{3:}$  

 The following information has been extracted from the financial statements of a company. Use it to answer the $4$ questions that follow it$.$ When answering the questions $($filling in the blanks$),$ DO NOT use dollar signs, DO NOT USE commas to separate thousands, DO NOT use parenthesis to denote negative numbers, USE the negative sign in front of first digit for negative numbers. Round to the nearest dollar. 

Net income in $2016=$ $$3,000$

Annual depreciation in $2016=$ $$1,000$

Net operating working capital in $2015=$ $$4,000$

Net operating working capital in $2016=$ $$3,200$

Net fixed assets in $2015=$ $$70,000$

Accumulated depreciation in $2015=$ $$11,000$

Gross fixed assets in $2016=$ $$69,000$

There is no other long$-$term assets in the balance sheets of $2015$ and $2016.$

$1.$ What is the Net Cash Flow for $2016?$

Answer rating: 100% (QA)

Given Net Income in 2016 3000 Annual Depreciation in 2016 1000 Net ... View the full answer