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9: Assume a company had net income of $73,000 and provided the following excerpts from its balance sheet: This Year Last Year Current assets: Accounts

9:

Assume a company had net income of $73,000 and provided the following excerpts from its balance sheet:

This Year Last Year
Current assets:
Accounts receivable $ 40,000 $ 46,000
Inventory $ 53,000 $ 50,000
Prepaid expenses $ 13,000 $ 11,000
Current liabilities:
Accounts payable $ 38,000 $ 44,000
Accrued liabilities $ 18,000 $ 15,000
Income taxes payable $ 13,000 $ 10,000

If the company did not sell any noncurrent assets during the period and the credits to its accumulated depreciation account were $21,000, then based solely on the information provided, the companys net cash provided by (used in) operating activities would be:Multiple Choice

  • $53,000.

  • $95,000.

  • $69,000.

  • $93,000.

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