Based on the following financial statements, convert the 2012 net income to the operating cash flow in that year. The operating cash flow in 2012 is. Hint: Pay attention to the sign. Instruction: Type ONLY your numerical answer. No rounding is allowed. Income Statement Garcia Corporation Sales less: Operating Cost less: Depreciation Earnings Before Interest and Taxes less: Interest Earnings Before Taxes less: Taxes Net Income Cash Receivable Inventory Total Current Assets Fixed Assets Total Assets 4,000 2,700 500 800 2011 2011 200 400 600 1,200 1,500 2,700 - 800 320 480 2012 2012 230 450 700 1,380 Balance Sheet Garcia Corporation 1,500 4,600 3,080 400 1,120 2,880 - 900 360 540 Accounts Payable Notes payable Total Current Liabilities Long-term Debt Common Stock Retained Earnings Total Liabilities and Stockholder's Equity 2011 100 400 500 200 1,600 400 2,700 2012 85 490 575 200 1,600 505 2,880

Based on the following financial statements, convert the 2012 net income to the operating cash flow in that year. The operating cash flow in 2012 is. Hint: Pay attention to the sign. Instruction: Type ONLY your numerical answer. No rounding is allowed. Income Statement Garcia Corporation Sales less: Operating Cost less: Depreciation Earnings Before Interest and Taxes less: Interest Earnings Before Taxes less: Taxes Net Income Cash Receivable Inventory Total Current Assets Fixed Assets Total Assets 4,000 2,700 500 800 2011 2011 200 400 600 1,200 1,500 2,700 - 800 320 480 2012 2012 230 450 700 1,380 Balance Sheet Garcia Corporation 1,500 4,600 3,080 400 1,120 2,880 - 900 360 540 Accounts Payable Notes payable Total Current Liabilities Long-term Debt Common Stock Retained Earnings Total Liabilities and Stockholder's Equity 2011 100 400 500 200 1,600 400 2,700 2012 85 490 575 200 1,600 505 2,880

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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