NO.PZ2016012102000063
问题如下:
Given the following:
Cash flow from operations is:
选项:
A.
$375,000.
B.
$410,000.
C.
$430,000.
解释:
B is correct.
Net income = $2,600,000 x 0.35 = $910,000, and cash flow from operations = net income - gain on sale of equipment + depreciation - increase in accounts receivable - increase in inventory+( - decrease in accounts payable) = 910,000 - 20,000 + 180,000 - 90,000 - 500,000 + (- 70,000) = $410,000.
考点: CFO的计算
计算CFO有直接法和间接法两种方法。根据题目数据,可以判断应该用间接法计算。
从NI出发,需要调整:
①损益表中的Non-cash items和non-operating items
②资产负债表中net changes in working capital(AR、inventory、AP)
题目表格中的数据有损益表数据,有资产负债表的数据,也有现金流量表中的数据等,我们要从中挑选我们所需要的的调整项目。
Net income = $2,600,000 x 0.35 = $910,000, and cash flow from operations = net income - gain on sale of equipment + depreciation - increase in accounts receivable - increase in inventory+( - decrease in accounts payable) = 910,000 - 20,000 + 180,000 - 90,000 - 500,000 + (- 70,000) = $410,000.
由于销售设备产品的收益属于投资活动,因此要在NI中剔除。
为什么 要net income ✖️net profit margin。不直接用net income?