3. Table 1 The firm has following financial information: December 2010 December

Question

3. Table 1 The firm has following financial information: December 2010 December 2011 Net income $2,000 $3,500 Accounts receivable 850 850 Accumulated depreciation 2,125 2,500 Common stock 4,500 5,250 Paid-in capital 7,500 8,250 Retained earnings 1,500 2,250 Accounts payable 650 650 Based on the information in Table 1, calculate the after tax cash flow from operations for 2011 (no assets were disposed of during the year, and there was no change in interest payable or taxes payable) (Points : 15) $4,500 $3,875 $3,900 $2,980

Explanation / Answer

$3,875

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