Last year, Gibson Corporation reported after-tax Operating Cash Flow (OCF) of $45,500. The following information was also reported for the same period:
Beginning Ending
Accounts Receivable $35,230 $38,240
Inventory $58,440 $58,550
Accounts Payable $68,150 $69,230
Based on this information, what was Gibson’s cash flow? (Assuming zero depreciation expenses and zero capital spending)
a) $43,460
b) $44,510
c) $45,330
d) $46,120
e) $47,800