Hopewell Corporation Income Statement January 1 to December 31, 2017 amounts in

Question

Hopewell Corporation Income Statement January 1 to December 31, 2017 amounts in thousands) 6,400 1,280 5,120 640 1,100 600 2,780 80 2,700 1,080 1,620 Revenue Cost of Goods Sold (COGS) Gross Income Sales, General, & Administrative Expenses (SG&A;) Depreciation Expense Other Expenses Earnings Before Interest & Taxes (EBIT) Interest Pre-lax Income Income Taxes Net Income Between January 1 and December 31, 2017: 1. Accounts Receivable decrease by $400,000 2. Accounts Payable decrease by $100,000 3. Gross Property, Plant, & Equipment increase by $7,800,000 4. Long Term Debt increases by $200,000 Assume no other changes What is the Net Cash Flow? Please specify your answer in the same units as the income statement.

Explanation / Answer

Hopewell Corporation Statement of Cash flows For the year ended December 31, 2017 (amounts in thousands) Cash flow from operating activities: Net Income $ 1,620 Adjustments to reconcile net income to net cash flow from operating activities: Depreciation Expense $ 1,100 Accounts Receivable decrease by $ 400 Accounts Payable decrease by $ -100 Net Cash provided by Operating Activities $ 3,020 Cash flow from Investing Activities: Investment in Property,plant and Equipment $ -7,800 Net Cash used in Investing Actiivties $ -7,800 Cash flow from Financing Activities: Increasee in long term debt $ 200 Net Cash provided by financing activities $ 200 Net Cash flow $ -4,580

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