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23 July, 11:16

What was quipe industries' cash flow from operations for the year ending june 30, 2014?

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  1. 23 July, 11:34
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    If these are the missing details:

    Quipe Industries provided the following information for the year ending June 30, 2014.

    Increase in inventories $ 42

    Purchased treasury stock 25

    Purchased property and equipment 27

    Net income 495

    Decrease in accrued income taxes 63

    Depreciation and amortization 168

    Decrease in accounts payable 15

    Increase in accounts receivable 39

    Increase in long-term debt 150

    Operating Cash flow formula is this:

    Operating Cash flow = Net Income + / - Changes in Assets & Liabilities + Non Cash Expenses

    Increases in Assets must be subtracted. Decreases in Assets must be added.

    Increases in Liabilities must be added. Decreases in Liabilities must be subtracted.

    Net Income $ 495

    Subtract Uses

    Increase in inventories $ 42

    Decrease in accrued income taxes 63

    Increase in accounts receivable 39

    Decrease in accounts payable 15

    Add Sources

    Depreciation and amortization 168

    Total: $504
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