NO.PZ2016012102000063
问题如下：
Given the following:
Cash flow from operations is:
选项：
A.$375,000.
B.$410,000.
C.$430,000.
解释：
B is correct.
Net income = $2,600,000 x 0.35 = $910,000, and cash flow from operations = net income - gain on sale of equipment + depreciation - increase in accounts receivable - increase in inventory+( - decrease in accounts payable) = 910,000 - 20,000 + 180,000 - 90,000 - 500,000 + (- 70,000) = $410,000.
考点： CFO的计算
计算CFO有直接法和间接法两种方法。根据题目数据，可以判断应该用间接法计算。
从NI出发，需要调整：
①损益表中的Non-cash items和non-operating items
②资产负债表中net changes in working capital（AR、inventory、AP）
题目表格中的数据有损益表数据，有资产负债表的数据，也有现金流量表中的数据等，我们要从中挑选我们所需要的的调整项目。
Net income = $2,600,000 x 0.35 = $910,000, and cash flow from operations = net income - gain on sale of equipment + depreciation - increase in accounts receivable - increase in inventory+( - decrease in accounts payable) = 910,000 - 20,000 + 180,000 - 90,000 - 500,000 + (- 70,000) = $410,000.
由于销售设备产品的收益属于投资活动，因此要在NI中剔除。
1，求出Net profit margin= Net income/Revenue
NI= 2,600,000*0.35=910,000
2,CFO=NI+ none cash + none opearting( -gain + loss) +( 四项）
=910,000+180,000-20,000-500,000+70,000-90,000
=550,000
我反复算了四遍，我为什么计算出来是550,000? 请老师火眼睛睛帮我看看，我到底是哪里计算错误了呢？ 谢谢。
