18) Based on the informtion in Table 3-1 calculate the after tax cash flow from

Question

18) Based on the informtion in Table 3-1 calculate the after tax cash flow from operations for 008( no assets were disposed of during the year, and there was no change in interest payable or taxes payable).

                                         2007                 2008

Net Income                         $2000                   $5000

Account Receivable                750                        750

Accumulated depreciation     1000                     1500

Common Stock                      4500                    5000

Paid-in captial                       7500                    8000

Retained earnings                  1500                    2500

Accounts Payable                     750                      750

Explanation / Answer

after tax cash flow for year 2008 from operations = net income + accounts receivables-accounts payable = 5000+750-750 = $5000

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