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Assume a company had net income of $68,000. It provided the following excerpts from its balance sheet: This Year Last Year Current assets: Accounts receivable
Assume a company had net income of $68,000. It provided the following excerpts from its balance sheet: This Year Last Year Current assets: Accounts receivable $ 46,000 $ 46,000 Inventory Accounts payable $ 53,000 $ 53,000 Current liabilities: $ 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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