You are researching Time Manufacturing and have found the following accounting s

Question

You are researching Time Manufacturing and have found the following accounting statement of cash flows for the most recent year. You also know that the company paid $98.6 million in current taxes and had an interest expense of $48.6 million.

Calculate the net working capital cash flow. (Do not round intermediate calculations. Enter your answers in millions, for e.g., 10.2 million would be entered as 10.2. Negative amounts should be indicated by a minus sign.)

You are researching Time Manufacturing and have found the following accounting statement of cash flows for the most recent year. You also know that the company paid $98.6 million in current taxes and had an interest expense of $48.6 million.

Explanation / Answer

TIME MANUFACTURING Net working capital cash flow ($ in millions)   Changes in assets and liabilities   Accounts receivable –18.6   Inventories 22.6   Accounts payable 17.6   Accrued expenses –9.6   Other 3.6   Change in cash 23 Net working capital cash flow $ 23

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