Business, 31.08.2021 15:40 devin030505

Use the income statement and the list of changes to answer the question. Torche CorporationIncome StatementJanuary 1 to December 31, 2017(amounts in thousands)Revenue9,100Cost of Goods Sold (COGS)2,730Gross Income6,370Sales, General, & Administrative Expenses (SG&A)910Depreciation Expense500Other Expenses600Earnings Before Interest & Taxes (EBIT)4,360Interest180Pre-Tax Income4,180Income Taxes1,672Net Income2,508Between January 1 and December 31, 2017:1. Accounts Receivable increase by $800,0002. Accounts Payable decrease by $400,0003. Gross Property, Plant, & Equipment increase by $5,400,0004. Long Term Debt increases by $100,000Assume no other changesWhat is the Net Cash Flow?Please specify your answer in the same units as the income statement.

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Use the income statement and the list of changes to answer the question. Torche CorporationIncome St...

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