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Assume a company had net income of $61,000. It provided the following excerpts from its balance sheet: This Year Last Year Current assets: Accounts receivable

Assume a company had net income of $61,000. 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:

Multiple Choice

  • $49,000.

  • $31,000.

  • $91,000.

  • $73,000.

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