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1 pts D Question 20 Depreciation expense totaled $17,000 for the year; accrued wages decreased $2,000, a new car was purchased for $42,000; accounts receivable
1 pts D Question 20 Depreciation expense totaled $17,000 for the year; accrued wages decreased $2,000, a new car was purchased for $42,000; accounts receivable decreased $9,000; payments on long term debt amounted to 15,000, accounts payable decreased $4,000; net income was $56,000 for the year, proceeds from the issuance of common stock were $45,000; dividends paid totaled $7,500; inventory increased $8,000; What was the net cash provided by operating activities? (don't indlude cents round to the nearest dollar) Question 21 1 pts The gross profit ratio is useful to the manager for which of the following purposes: t can be used to determine the selling price to set for an item it can be used to estimate the amount of inventory lost in a fire. t can be used to determine the amount avaslable fron a given amount of revenue to cover operating expenses MacBook Air
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