Question: Solve 19 Multiple Choice 1 point An analyst gathers the following information from a company's current financial statements: Cash Flow Statement (Indirect Method) for Year
Solve
19 Multiple Choice 1 point An analyst gathers the following information from a company's current financial statements: Cash Flow Statement (Indirect Method) for Year Ended 31 December ($ millions) Net income 2,520 Depreciation 1,178 Change in accounts receivable 62 Change in accounts payable 295 Change in inventory (792) Operating cash flow 4,723 Income Statement for Year Ended 31 December ($ millions) Revenue 26,430 Cost of goods sold 12,831 Operating expenses 9,802 Income tax expense 1,277 Net income 2,520 If the company uses the direct method to prepare its cash flow statement, the cash paid to suppliers (in $ millions) will be closest to: O A. 11,744. B. 12,334. C. 12,536. Previous -Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
