Please provide answer this accounting question not use chatgpt In 2023, Sterling Technologies reported a net profit of $120,000after including an amortization expense of $40,000. During theyear, inventories increased by $80,000, and accounts receivableincreased by $60,000. Accounts payable remained constant at$300,000.Calculate the cash from operations.

Step 1: Define Cash from OperationsCash from operations reflects the cash inflows and outflows…

Answered: In 2023, Sterling Technologies reported…

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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In 2009 Nitya Ltd. had a net profit of $100,000 after charging an amortization expense of $50,000. Inventories had increased by $100,000 and accounts receivable had increased by $50,000 over the year. Accounts payable had remained constant at $250,000. Calculate the cash from operations.
Paladin Furnishings generated $4 million in sales during 2018, andits year-end total assets were $3.2 million. Also, at year-end 2018, current liabilities were$500,000, consisting of $200,000 of notes payable, $200,000 of accounts payable, and$100,000 of accrued liabilities. Looking ahead to 2019, the company estimates that its assetsmust increase by $0.80 for every $1.00 increase in sales. Paladin’s profit margin is 3%, andits retention ratio is 50%. How large of a sales increase can the company achieve withouthaving to raise funds externally?
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Nanticoke Industries had the following operating results for 2020: Sales = $30,780; Cost of goods sold = $ 20, 110; Depreciation expense = $5, 540; Interest expense = $2,940; Dividends paid = $1,800. At the beginning of the year, Net fixed assets = $17,390, Current assets = $5,930, Current liabilities = $3,500. At the end of the year, Net fixed assets = $21,010, Current assets = $7,390, Current liabilities = $4,060. The tax rate for 2020 was 30%. a. What is net income for 2020? (Negative answer should be indicated by a minus sign. Omit $ sign in your response.) Net income $ b. What is the operating cash flow for 2020? (Negative answer should be indicated by a minus sign. Omit $ sign in your response.) Operating cash flow $ c. What is the cash flow from assets for 2020? (Negative answer should be indicated by a minus sign. Omit $ sign in your response.) Cash flow from assets $

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In 2023, Sterling Technologies reported a net profit of $120,000 after including an amortization expense of $40,000. During the year, inventories increased by $80,000, and accounts receivable increased by $60,000. Accounts payable remained constant at $300,000. Calculate the cash from operations.