Thompson's jet skis has operating cash flow of $11,618. Depreciation is $2,345 and interest paid is $395. A net total of $485 was paid on long-term debt. The firm spent $6,180 on fixed assets and decreased net working capital by $420. What is the cash flow of the firm?
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Answer:
Cash flow =$5858
Explanation:
Given data:
Operating cash flow is $11,618
Decrease in net working capital is $420
Capital spending is $6180
We know that cash flow is given as
Cash flow = operating cash flow - change in net working capital - capital spending
Putting all value in the above formula
Cash flow = $11618 - (-$420) -$6180
Cash flow =$5858
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