Homework #116 0.75 10 points COTB MC Qu. 15-49 (Algo) Assume that a company provided... Assume that a company provided the following statement of cash flows (all sales are on account): Operating activities: Net income Adjustments to convert net incone to a cash basis: Skipped Book $45 Depreciation Decrease in accounts receivable Increase in inventory Increase in accounts payable $.15 2 (10) 4 11 Net cash provided by (used in) operating activities Investing activities: 56 Additions to property, plant, & equipment (40) Net cash provided by (used in) investing activities Financing activities: (40) Issuance of common stock 5 Cash dividends paid Net cash provided by (used in) financing activities Net increase in cash and cash equivalents Beginning cash and cash equivalents Ending cash and cash equivalents If the company's sales were $228, then its cash collections from customers were: $13 (14) (9) 7 6 Multiple Choice Help Save & Exit Submit