Based on the following information from Ouyang Inc., how much is the operating cash flow for...
Based on the following information from Ouyang Inc., how much is the operating cash flow for the year 2013? Table: Ouyang Inc. Operating Cash Flow
| Income Statement Item | Year Ended 12/31/2012 | Year Ended 12/31/2013 | Change |
| Net income | $30 | ||
| Depreciation | 5 | ||
| Balance sheet item | 12/31/2012 | 12/31/2013 | Change |
| Accounts Receivable (A/R) | $24 | $28 | $4 |
| Inventory | 15 | 12 | -3 |
| Accounts Payable (A/P) | 17 | 7 | -10 |
| 35 |
| 32 |
| 30 |
| 28 |
| 24 |
Homework Answers
Answer:
Option E: 24
Operating cash flow=Net income+ depreciation-Increase in Account Receivables + Decrease in Inventory-Decrease in Account Payable
Operating cash flow=30+5-4+3-10=$24
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