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FSA Corporate Finance(财务报告分析与公司财务)相关习题3

答案如下

Indigo Corp.’s Income Statement for the year ended December 31, 2001, is as follows:

Sales

$73,000,000

Cost of Goods Sold

(47,000,000)

Gross Profit

26,000,000

Interest Expense

(7,000,000)

Depreciation Expense

(5,000,000)

Loss on Inventory Write Down

to Lower of Cost or Market

(4,000,000)

Income Tax Expense (current)

(3,000,000)

Net Income

$ 7,000,000

Assume there were no changes in balance sheet accounts for Indigo in 2001. Using the indirect method, what is the net cash provided or used by operating activities for the year ended December 31, 2001?

A)

$9,000,000.

B)

$16,000,000.

C)

$11,000,000.

D)

$7,000,000.

Answer B
The indirect method starts with net income and adds back non-cash expenses or losses and subtracts non-cash revenues or gains. Interest and taxes are cash expenses (if they are current) and are not added back. Non-cash expenses for depreciation ($5,000,000) and inventory write-down ($4,000,000) are added back to net income to arrive at net cash provided by operations ($7,000,000 + $5,000,000 + $4,000,000 = $16,000,000).

b

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b

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也是支持b,不知道对不对。

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b

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b

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[em08]

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b

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b

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b

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