Take Test: HW2 course web.pitt.ed 2167 ECON QUESTION 15 Hilltop Industries 2007

Question

Take Test: HW2 course web.pitt.ed 2167 ECON QUESTION 15 Hilltop Industries 2007 Income Statement in millions) Net sales $11,407 7,871 Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes 2,027 Less: Interest paid 210 1,817 Taxable Income Less: Taxes 636 Net income 1,181 Hilltop Industries 2006 and 2007 Balance Sheets (S in millions) 2006 2007 2006 2007 Accounts payable $1,818 $1,719 Cash 276 316 Accounts rec 1,415 1,068 Notes payable 250 75 Total 2,104 2,690 $2,068 $1,794 Inventory Total Long-term debt $3,795 $4,074 3.400 3,100 Net fixed assets 5,613 6,342 Common stock 2,500 3,250 Retained earnings 440 2,272 Total assets $9.408 $10.4 Total liab.& equity $0,408 $10,416 What is the operating cash flow for 2007? $1,847 $2,900 $3,308 $3,536 $4,172 My Pitt H 2167 ECON 02 gb fri flashcards Q 5 points

Explanation / Answer

Cash flow from operations Net Income 1181 Add Depriciation 1509 Decrease in accounts receivable 347 1856 Less Increase in inventory 586 misc 30 decrease in long term debt 300 decrease in accounts payable 99 decrease in notes payable 175 1190 operating cash flow 1847

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