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Question: 1.A business has the following financial information at the end of the year: Prior year Current year Net income$750,000 Depreciation expense$150,000 Dividends paid$550,000 Accounts
Question:1.A business has the following financial information at the end of the year:
Prior yearCurrent year
Net income$750,000
Depreciation expense$150,000
Dividends paid$550,000
Accounts receivable$1,500,000$2,000,000
Inventory$3,500,000$2,000,000
Accounts payable$350,000$500,000
Long term debt$2,300,000$3,000,000
Common stock$2,200,000$2,500,000
Retained earnings$6,150,000$6,350,000
Based on the financial information presented above, determine net cash flow from operating activities for the current year.
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