QUESTION 16
Given the financial statements below for Dragonfly Enterprises, what was the operating cash flow for 2011? Enter your answer as the nearest whole number (e.g. 123), but do not include the "$" sign.
Dragonfly Enterprises
Income Statement ($ Million)
2011
Sales Cost of Goods Sold
370 226
Selling, General, & Admin Expenses
Depreciation Earnings Before Interest & Taxes Interest Expense Taxable Income Taxes at 40%
20 62 12 50 20 30 9 21
Net Income Dividends Addition to Retained Earnings
Balance Sheets as of 12-31
Assets Cash
2010 10
2011 46 43 99
10 50 45
Accounts Receivable
Inventory Total Current Assets Net Fixed Assets Total Assets
105 195 300
166 265
Liabilities and Owners Equity
2010 2011 26 30 0 26 30 140 150 22 22 77 98 265 300
Accounts Payable
Notes Payable
Total Current Liabilities
Long-Term Debt
Common Stock Retained Earnings Total Liabilities and Owners Equity