Question
Orthopedic Supply Corporation has net income of $4,000,000; accounts receivable increase of $200,000; depreciation of $300,000; inventory increase of $240,000; and accounts payable increase of
Orthopedic Supply Corporation has net income of $4,000,000; accounts receivable increase of $200,000; depreciation of $300,000; inventory increase of $240,000; and accounts payable increase of $100,000. Calculate the firm's net cash flow from operating activities.
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
