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1. Sales revenue was $59,202, Accounts receivable increased by 10,757. What was the cash collected from customers? 2. Rudy Company reported net income of $32,722
1. Sales revenue was $59,202, Accounts receivable increased by 10,757. What was the cash collected from customers? 2. Rudy Company reported net income of $32,722 for the current year. During the year, Inventory increased by $1,634, Accounts Payable increased by $2,706, Accounts Receivable decreased by $4,863, and Depreciation Expense was $3,619. If the indirect method is used, what is the net cash provided by operating activities? An explanation if possible is greatly appreciated! |
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