Solution-Calculate the net cash flow provided by operations

Calculate the net cash flow provided by operations

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Reference no: EM13535512

Cash flows from operations-indirect method The financial statements of Simon Co. include the following items (amounts in thousands):

	For the Year
	Ended
	December 31,
Income Statement	2011
Net income	$420
Depreciation and amortization expense	320

Balance Sheets	2011	2010
Accounts receivable	$125	$170
Inventory	170	150
Accounts payable	80	90
Income taxes payable	50	15

Required:

a. Calculate the net cash flow provided by operations for Simon Co. for the year ended December 31, 2011.

b. Explain why net income is different from the net cash provided by operations.

Reference no: EM13535512

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Calculate the net cash flow provided by operations

Reference no: EM13535512

Reference no: EM13535512

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