For questions 06-18, refer to the following financial information for Gannon SHo

Question

For questions 06-18, refer to the following financial information for Gannon SHoW ALL WORKING CLEARLY THANK YOU BALANCE SHEETs: CALCULATIONSMUST BE snowN TO EARN POSITIVE RATING, PLEASE 2016 2017 160,000 290,000 510,000 1.580,000 305,000 Fixed Assets,net Total Assets 10,000 1.333,000 Liabilities and Equity Accounts Payable Long-term Debt Common Stock Retained Earnings Total Liabilities and Equity 350,000 500,000 50,000 455.000 1,355,000 $375,000 625,000 75,000 505,000 1,580,000 INCOME STATEMENT: Revenue Cost of Goods Sold General and Administrative Depreciation Expense Earnings Before Interest and Taxes Interest Expense Pretax Net Income 3,500,000 2,275,000 515,000 120,000 590,000 40,000 550,000 167.000 Income Taxes Nat Inooma 15. What was Gannon's Operating Cash Flow (OCF) in 2017?

Explanation / Answer

Cash Flow Statement Operating Activities 2017 Net Income 383,000 Depreciation and Amortisation 120,000 Working Capital changes Increase in Accounts Recievabes -100,000 =-(620,000-520,000) Decrease in Inventory 15,000 =-(290,000-305,000) Increase in Accounts Payable 25,000 =375,000-350,000 Operating cash flow 443,000

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