The Records of CDE Provided the Following Information for the Period

question 52

Essay

The records of CDE provided the following information for the period ended December 31, 2012: $$\begin{array} { | l | l | } \hline \text { Merchandise inventory increase } & \$ 20 \\\hline \text { Accounts payable increase } & 30 \\\hline \text { Decrease in securities available tor sale } & 15 \\\hline \text { interest payable decrease } & 7 \\\hline \text { Accounts receivable decrease } & 10 \\\hline \text { Mages pay able increase } & 4 \\\hline \text { Depreciation expense } & 13 \\\hline \text { income as reported on the income statement) } & 47 \\\hline\end{array}$$ Compute CDE's cash flow from Operating activities for 2012.

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Definitions:

Accounts Receivable

Money owed by customers to a company for goods or services that have been delivered but not yet paid for.

Inventory Turnover

A financial metric measuring the rate at which a company sells and replaces its stock of goods during a given period.

Cost of Goods Sold

Represents the direct costs attributable to the production of goods sold by a company, including materials and labor.

Return on Equity

A measure of a corporation’s profitability that reveals how much profit a company generates with the money shareholders have invested.