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10. A firm booked net profits after tax of $345,678. During the period, it had depreciation expense (re: fixed assets) of $45,788 and amortization expense

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10. A firm booked net profits after tax of $345,678. During the period, it had depreciation expense (re: fixed assets) of $45,788 and amortization expense (re: intangible assets) of $2,566. Of its total income tax expense of $28,900, $19,700 was paid in cash with the balance being added to deferred taxes. Because of a sales revenue increase, its accounts receivable grew by $32,768 and its inventory investment increased by $15,690 while its outstanding amount of supplier credit grew by $8,901. It has no short-term bank debt. Based on the above fact pattern, its cash flow from operations was: $404,789 $394,032 $287,654 $363,675

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