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McFadden Inc. reported a net operating cash flow of $291,639 in its cash flow statement for 2020. During 2020, its current assets decreased by $34,321
McFadden Inc. reported a net operating cash flow of $291,639 in its cash flow statement for 2020. During 2020, its current assets decreased by $34,321 and its current liabilities decreased by $123,435. The depreciation and amortization charge was $57,321 for 2020. How much was its net income in 2020?
$323,432 | ||
$259,846 | ||
$191,204 | ||
$506,716 |
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