Fidelity Systems Reports Net Income of $80 Million

question 115

Essay

Fidelity Systems reports net income of $80 million. Included in that number is depreciation expense of $8 million, and a gain on the sale of equipment of $1 million. Records reveal increases in Accounts Receivable, Inventory, and Accounts Payable of $4 million, $3 million, and $2 million, respectively. Calculate Fidelity's net cash flows from operating activities.

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Definitions:

Computers

Electronic devices capable of executing programmed instructions to perform a wide range of tasks from simple calculations to complex computing.

Malware

Software intentionally designed to cause damage to a computer, server, client, or computer network.

Mobile Device's

Portable electronic devices such as smartphones and tablets that have computing capabilities.

Obsolete

Describing a product, system, or technology that is no longer in use or has been replaced by newer versions.