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What pacific inc cash flow from operations is

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Reference no: EM132692214

Pacific Inc. generated positive income of $227 million in 2019. Other items from its income statement reveal depreciation & amortization expense of $20 million as well as a loss on sale of a long-term asset of $3 million. Pacific Inc. also experienced a $4 million increase in accounts receivables, a decrease in inventory of $10 million and an increase in accounts payable of $5 million.

Problem 1: What Pacific Inc.'s cash flow from operations (US GAAP) is:

A. $227 million
B. $261 million
C. $239 million
D. $211 million

Reference no: EM132692214

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