Nippon Technology Income Statement January 1 to December 31, 2017 amounts in tho

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

Solution:

Hence, Net cash flow = -$2,436 thousands

Computation of Net Cash flow Particulars Details Amount Cash Flow from Operating Activities: Net Income $2,664.00 Adjustments to reconcile net income to cash flow from operating activities: Depreciation $1,200.00 Increase in Accounts Receivables $600.00 Increase in Accounts Payable $800.00 Total Adjustments $2,600.00 Net Cash Flow From Operating Activites (A) $5,264.00 Cash Flow from Investing Activities: Purchase of property, Plant & Equipment -$7,300.00 Net Cash Flow From Investing Activites (B) -$7,300.00 Cash Flow from Financing Activities: Payment of Long Term Debt -$400.00 Net Cash Flow From Financing Activites (C) -$400.00 Net Cash flow from all activities (A+B+C) -$2,436.00

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