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A company had net income of $293280. Depreciation expense is $27040. During the year, accounts receivable and inventory increased $15600 and $41600, respectively. Prepaid expenses
A company had net income of $293280. Depreciation expense is $27040. During the year, accounts receivable and inventory increased $15600 and $41600, respectively. Prepaid expenses and accounts payable decreased $2080 and $14560, respectively. There was also a loss on the sale of equipment of $17680. How much cash was provided by operating activities?
| $250640. |
| $330720. |
| $352560. |
| $268320 |
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