UBS Deck
Three-statement walkthrough: a company buys $100 of inventory with cash this quarter, then sells it next quarter for $150 cash. Take me through both periods (40% tax rate).
Model answer
Period one (purchase): income statement — nothing, inventory isn't expensed until sold. Cash flow statement — inventory up $100 is a working-capital use of cash, so cash falls $100. Balance sheet —…
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More from UBS Deck
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