What is year two operating Cash Flows?

Income Statement	Year 1	Year 2
Net Sales		1127
Cost of Revenue		432
D+A		39
Gross Profit		656
SG+A		197
Operating Profit		459
Interest Expense		46
Restructuring Expense		79
Pre-Tax Income		334
Income Tax		98
Net Income		236
Cash	611	765
Receivables	105	75
Inventories	40	55
Prepaid Items	25	39
Accounts Payable	85	102
Accrued Expenses	85	165
taxes Payable	45	40
Other operating assets Other operating long term liabilities	25 12	19 7

Answer rating: 100% (QA)

To calculate the operating cash flows for Year 2 we need to consider the changes in ... View the full answer