"Financial Report":Operating cash flow

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Questions 1:

The following information (in millions) on a company is available:

Financial Report:Operating cash flow

The amount of cash (in millions) that the company paid to its suppliers is closest to:

A、 $505.

B 、$495.

C 、$445.

Questions 2:

Compared with its net income, a mature company’s operating cash flow is most likely:

A、 the same.

B 、lower.

C 、higher.

View answer resolution

【Answer to question 1】B

【analysis】

B is correct.

Financial Report:Operating cash flow

A is incorrect. Decrease in inventory treated as an increase and decrease in AP treated as decrease in cash flow: 500 + 30 – 25 = 505.

C is incorrect. Decrease in accounts payable treated as a reduction rather than an increase in cash flow: 500 – 30 – 25 = 445.

【Answer to question 2】C

【analysis】

C is correct. For a mature company, because net income includes non-cash expenses (depreciation and amortization), operating cash flow typically exceeds net income. A

is incorrect. For a mature company, net income includes non-cash expenses (depreciation and amortization), so it is expected and desirable for operating cash flow to exceed net income, not for them to be equal.

B is incorrect. For a mature company, net income includes non-cash expenses (depreciation and amortization), so it is expected and desirable for operating cash flow exceeds net income. If operating cash flows were lower than net income, this would be an indication of poor earnings quality.

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