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A company had net income of $209000. Depreciation expense is $26500. During the year, Accounts Receivable and Inventory increased $16500 and $41500, respectively. Prepaid Expenses
A company had net income of $209000. Depreciation expense is $26500. During the year, Accounts Receivable and Inventory increased $16500 and $41500, respectively. Prepaid Expenses and Accounts Payable decreased $4500 and $5500, respectively. There was also a loss on the sale of equipment of $1500. How much cash was provided by operating activities?
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