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Category > Accounting Posted 20 Aug 2017 My Price 15.00

Tidewater Inc.

Analysis of cash flow from operations

The Commercial Division of Tidewater Inc. provided the following information on its cash flow from operations:

 

Net income

$    945,000

Increase in accounts receivable

(1,134,000)

Increase in inventory

(1,260,000)

Decrease in accounts payable

(189,000)

Depreciation

         210,000

Cash flow from operating  activities

$(1,428,000)

The manager of the Commercial Division provided the accompanying memo with this report:

From: Senior Vice President, Commercial  Division

 

I am pleased to report that we had earnings of $945,000 over the last period. This resulted in a return on invested capital of 8%, which is near our targets for this division. I have been aggressive in building the revenue volume in the division. As a result, I am happy to report that we have increased the number of new credit card customers   as a result of an aggressive marketing campaign. In addition, we have found some excellent merchandise opportuni- ties. Some of our suppliers have made some of their apparel merchandise available at a deep discount. We have purchased as much of these goods as possible in order to improve profitability. I’m also happy to report that our vendor payment problems have improved. We are nearly caught up on our overdue payables   balances.

Comment on the senior vice president’s memo in light of the cash flow information.

Answers

Maurice Tutor
(5)
Status NEW Posted 20 Aug 2017 08:08 PM My Price 15.00

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