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Assume a company had net income of $59,000. It provided the following excerpts from its balance sheet: This Year Last Year Current assets: Accounts receivable
Assume a company had net income of $59,000. It provided the following excerpts from its balance sheet:
This Year | Last Year | |
---|---|---|
Current assets: | ||
Accounts receivable | $ 46,000 | $ 46,000 |
Inventory | $ 53,000 | $ 53,000 |
Current liabilities: | ||
Accounts payable | $ 44,000 | $ 49,000 |
Income taxes payable | $ 10,000 | $ 14,000 |
If the company did not sell any noncurrent assets during the period and its depreciation charges for the period were $21,000, then based solely on the information provided, the net cash provided by operating activities would be:
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