Jones Company Financial Information December 2007. December 2008 Net income. $20

Question

Jones Company Financial Information December 2007. December 2008 Net income. $2000. $5000 Accounts receivable. 750. 750 Accumulated depreciation 1000. 1500 Common stock. 4500. 5000 Paid in capital. 7500. 8000 Retained earnings. 1500. 2500 Accounts payable. 750. 750
Based on this information, calculate the after tax cash flow from operations in 2008 (no assets were disposed of during the year, and there was no change in interest payable or taxes payable) Jones Company Financial Information December 2007. December 2008 Net income. $2000. $5000 Accounts receivable. 750. 750 Accumulated depreciation 1000. 1500 Common stock. 4500. 5000 Paid in capital. 7500. 8000 Retained earnings. 1500. 2500 Accounts payable. 750. 750
Based on this information, calculate the after tax cash flow from operations in 2008 (no assets were disposed of during the year, and there was no change in interest payable or taxes payable) December 2007. December 2008 Net income. $2000. $5000 Accounts receivable. 750. 750 Accumulated depreciation 1000. 1500 Common stock. 4500. 5000 Paid in capital. 7500. 8000 Retained earnings. 1500. 2500 Accounts payable. 750. 750
Based on this information, calculate the after tax cash flow from operations in 2008 (no assets were disposed of during the year, and there was no change in interest payable or taxes payable)

Explanation / Answer

Since there is no cahnge in Account Receivables and Account payables,after tax cash flow from operation in 2008 would be,

=Net income + Depreciation

=5000+(1500-1000)

=$5,500

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