Suppose Valley Technology has the following results related to cash flows for 2022: Net Income of $7,100,000 Decrease in Accounts Payable of $200,000 Decrease in Accounts Receivable of $600,000 Increase in Inventory of $500,000 Assuming no other cash flow adjustments than those listed above, create a statement of cash flows with amounts in thousands. What is the Net Cash Flow from Operating Activities?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 2TP: Use a spreadsheet and the following financial information from Mineola Companys financial statements...
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Suppose Valley Technology has the following results related to cash flows for 2022:
Net Income of $7,100,000
Decrease in Accounts Payable of $200,000
Decrease in Accounts Receivable of $600,000
Increase in Inventory of $500,000
Assuming no other cash flow adjustments than those listed above, create a statement of cash flows with
amounts in thousands.
What is the Net Cash Flow from Operating Activities?
Transcribed Image Text:Suppose Valley Technology has the following results related to cash flows for 2022: Net Income of $7,100,000 Decrease in Accounts Payable of $200,000 Decrease in Accounts Receivable of $600,000 Increase in Inventory of $500,000 Assuming no other cash flow adjustments than those listed above, create a statement of cash flows with amounts in thousands. What is the Net Cash Flow from Operating Activities?
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