Question
In 2012, Hoosier Sports Co. had net income of $70,000. If accounts payable and accruals increased by $45,000, receivables and inventories fell by $70,000, and
In 2012, Hoosier Sports Co. had net income of $70,000. If accounts payable and accruals increased by $45,000, receivables and inventories fell by $70,000, and depreciation was $30,000, what was the firms cash flow from operating activities?
a. $65,000 b. $75,000 c. $155,000 d. $215,000 e. $15,000
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The New Managed Account Solutions Handbook
Authors: Stephen D. Gresham, Arlen S. Oransky
1st Edition
0470222786, 978-0470222782
