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Financial Accounting Intro Concepts Meth/Uses

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter16: Statement Of Cash Flows: Another Look

Section: Chapter Questions

Problem 18P

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A firm had after-tax income last year of $3.4 million. Its depreciation expenses were $0.6 million, and its total cash flow was $3.4 million. What happened to net working
capital during the year? Note: Enter your answer in millions rounded to 1 decimal place.

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A firm had after-tax income last year of $2.1 million. Its depreciation expenses were $0.5 million, and its total cash flow was $2.1 million. What happened to net working capital during the year? (Enter your answer in millions rounded to 1 decimal place.)
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