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Revenue Nippon Technology Income Statement Gross Income January 1 to December 31, 2017 (amounts in thousands) Cost of Goods Sold (COGS) Sales, General, & Administrative Expenses (SG&A) Depreciation Expense Other Expenses Earnings Before Interest & Taxes (EBIT) Interest Pre-Tax Income Income Taxes 8,7 1,7 6,9 8 1,2 4,4 4,4 1,7

Revenue Nippon Technology Income Statement Gross Income January 1 to December 31, 2017 (amounts in thousands) Cost of Goods Sold (COGS) Sales, General, & Administrative Expenses (SG&A) Depreciation Expense Other Expenses Earnings Before Interest & Taxes (EBIT) Interest Pre-Tax Income Income Taxes 8,7 1,7 6,9 8 1,2 4,4 4,4 1,7

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Revenue Gross Income Cost of Goods Sold (COGS) Nippon Technology Income Statement January 1 to December 31, 2017 (amounts in thousands) Sales, General, & Administrative Expenses (SG&A) Depreciation Expense Income Taxes Other Expenses Earnings Before Interest & Taxes (EBIT) Interest Pre-Tax Income Net Income Between January 1 and December 31, 2017: 1. Accounts Receivable decrease by $600,000 2. Accounts Payable increase by $800,000 3. Gross Property, Plant, & Equipment increase by $7,300,000 4. Long Term Debt decreases by $400,000 Assume no other changes What is the Net Cash Flow? Please specify your answer in the same units as the income statement. 8,700 1,740 6,960 870 1,200 400 4,490 50 4,440 1,776 2,664
Transcribed Image Text:Revenue Gross Income Cost of Goods Sold (COGS) Nippon Technology Income Statement January 1 to December 31, 2017 (amounts in thousands) Sales, General, & Administrative Expenses (SG&A) Depreciation Expense Income Taxes Other Expenses Earnings Before Interest & Taxes (EBIT) Interest Pre-Tax Income Net Income Between January 1 and December 31, 2017: 1. Accounts Receivable decrease by $600,000 2. Accounts Payable increase by $800,000 3. Gross Property, Plant, & Equipment increase by $7,300,000 4. Long Term Debt decreases by $400,000 Assume no other changes What is the Net Cash Flow? Please specify your answer in the same units as the income statement. 8,700 1,740 6,960 870 1,200 400 4,490 50 4,440 1,776 2,664
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