Nippon Technology Income Statement January 1 to December 31, 2017 amounts in tho
ID: 2406848 • Letter: N
Question
Nippon Technology Income Statement January 1 to December 31, 2017 amounts in thousands) Revenue 8,700 1,740 6,960 870 1,200 400 4,490 50 4,440 1,776 2,664 Cost of Goods Sold (COGS) Gross Income Sales, General, & Administrative Expenses (SG&A;) Depreciation Expense Other Expenses Earnings Before Interest & Taxes (EBIT) Interest Pre-Tax Income Income Taxes Net Income Between January 1 and December 31, 2017: 1. Accounts Receivable decrease by $600,000 2. Accounts Payable increase by $800,000 3. Gross Property, Plant, & Equipment increase by $7,300,000 4. Long Term Debt decreases by $400,000 Assume no other changes What is the Net Cash Flow? Please specify your answer in the same units as the income statement.Explanation / Answer
Cash Flow Statement
Nippon Technology
For the year ended 31-12-2017 (in thousands)
Net Sales
8700
Add : Decrease in Accounts Receivables
600
Cash collected from sales
9300
Less : Cost of goods sold (COGS)
(1,740)
Add : Increase in Accounts Payable
800
CASH FROM TRADING ACTIVITIES
8360
Less : Sales, General and Administrative Exp
(870)
Less : Depreciation Expense
(1200)
Less : Other Expenses
(400)
Cash after Operations
5890
Add : Income Taxes Paid
1,776
Net Cash From Operations
7,666
Less : Interest Paid
(50)
NET CASH INCOME
7,616
Cash Flow from Investing Activities:
Increase in Property, Plant And Equipment
(7300)
Net Cash used by investing activities
(7300)
Cash Flow from Financing Activities :
Decrease of long term debts
(400)
Net Cash used by financing activities
(400)
Net Decrease in Cash
(84)
Net Sales
8700
Add : Decrease in Accounts Receivables
600
Cash collected from sales
9300
Less : Cost of goods sold (COGS)
(1,740)
Add : Increase in Accounts Payable
800
CASH FROM TRADING ACTIVITIES
8360
Less : Sales, General and Administrative Exp
(870)
Less : Depreciation Expense
(1200)
Less : Other Expenses
(400)
Cash after Operations
5890
Add : Income Taxes Paid
1,776
Net Cash From Operations
7,666
Less : Interest Paid
(50)
NET CASH INCOME
7,616
Cash Flow from Investing Activities:
Increase in Property, Plant And Equipment
(7300)
Net Cash used by investing activities
(7300)
Cash Flow from Financing Activities :
Decrease of long term debts
(400)
Net Cash used by financing activities
(400)
Net Decrease in Cash
(84)
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