| Description |
In 2018, a company using US GAAP made cash payments of USD6 million for
salaries , USD2 million for interest expense, and USD4 million for income taxes.
Additional information for the company is provided in the Exhibit 1:
<table style="width:90%;text-align:center">
<caption>Exhibit 1: Cash Payments</caption>
<tr><th class="left">(US dollars, millions) </th><th>2017 </th><th>2018</th></tr>
<tr><td class="left">Revenue </td><td>42</td><td> 37</td></tr>
<tr><td class="left">Cost of goods sold </td><td>18 </td><td>16</td></tr>
<tr><td class="left">Inventory </td><td>36 </td><td>40</td></tr>
<tr><td class="left">Accounts receivable </td><td>22 </td><td>19</td></tr>
<tr><td class="left">Accounts payable </td><td>14 </td><td>12</td></tr>
</table>
Based only on the information in Exhibit 1, the company ’s operating cash flow for
2018 is closest to: |