Computation of Operating Cash Flows
the Financial Statements of Packard

question 153

Essay

Computation of operating cash flows
The financial statements of Packard Corporation provide the following information for the current year:
$\begin{array}{lrr}&\begin{array}{c}\text { End of } \\\text { Year }\end{array} & \begin{array}{c}\text { Beginning } \\\text { of Year }\end{array} \\\text { Accounts receivable } & \$ 106,000 & \$ 98,000 \\\text { Inventory } & \$ 105,000 & \$ 120,000 \\\text { Prepaid expenses } & \$ 31,000 & \$ 29,000 \\\text { Accounts payable (for merchandise) } & \$ 74,000 & \$ 70,000 \\\text { Accrued liabilities } & \$ 30,000 & \$ 28,000 \\\text { Net sales } & \$ 848,000 & \\\text { Cost of goods sold } & \$ 318,000 & \\\text { Expenses (including depreciation of } \$ 43,000) & \$ 258,000 &\end{array}$
Using this information, compute for the current year:

---

Definitions:

Substantive

Of considerable importance or worth, having substance and not merely theoretical or formal.

Emotional Differences

Variations in how individuals perceive, express, understand, and manage emotions.

Conflict Antecedents

Factors or conditions that precede and potentially cause conflict within or between groups.

Likely Develop

Describes a situation or condition that has a high probability of occurring or coming into existence.