Based on the following information for Pinkerly Inc., a fictitious company, what are the total adjustments that the company would make to net income in order to derive operating cash flow? (please write dollar amount as well) Income Statement Item 12/31/2018 (Year Ended) Net income $30 million Depreciation $7 million Balance sheet item 12/31/2017 12/31/2018 Change Accounts receivable $15 million $30 million $15 million Inventory $16 million $13 million ($3 million) Accounts payable $10 million $20 million $10 million

Based on the following information for Pinkerly Inc., a fictitious company, what are the total adjustments that the company would make to net income in order to derive operating cash flow? (please...

Based on the following information for Pinkerly Inc., a fictitious company, what are the total adjustments that the company would make to net income in order to derive operating cash flow? (please write dollar amount as well)

Income Statement Item	12/31/2018 (Year Ended)
Net income	$30 million
Depreciation	$7 million

Balance sheet item	12/31/2017	12/31/2018	Change
Accounts receivable	$15 million	$30 million	$15 million
Inventory	$16 million	$13 million	($3 million)
Accounts payable	$10 million	$20 million	$10 million

Jun 10, 2022

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Based on the following information for Pinkerly Inc., a fictitious company, what are the total adjustments that the company would make to net income in order to derive operating cash flow? (please...

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