Southeastern IT Systems has the following
(unit: $ in millions)
|
Southeastern IT Systems Balance Sheets |
|||||
|
|
2013 |
2014 |
|
2013 |
2014 |
|
Cash |
$1,000 |
$1,200 |
Accounts payable |
$800 |
$850 |
|
Accounts receivable |
6,500 |
7,500 |
Notes payable |
7,500 |
8,000 |
|
Inventory |
1,500 |
2,000 |
Current liabilities |
8,300 |
8,850 |
|
Current assets |
9,000 |
10,700 |
Long-term debt |
1,000 |
1,000 |
|
Net fixed assets |
3,000 |
3,500 |
Common equity |
500 |
500 |
|
|
|
|
|
2,200 |
3,850 |
|
Total Assets |
$12,000 |
$14,200 |
Total Liabilities & Owner’s Equity |
$12,000 |
$14,200 |
|
Income Statement |
|
|
|
2014 |
|
Net sales |
$15,000 |
|
Cost of goods sold |
10,000 |
|
|
700 |
|
EBIT |
4,300 |
|
Interest expenses |
400 |
|
Taxable income |
3,900 |
|
Taxes |
1,500 |
|
Net income |
$2,400 |
|
Dividends |
( ) |
What is the operating cash flow (OCF) for 2014?
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