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Rainbow Inc. reports net income of 223 dollars and Depreciation Expanse of 16 dollars for the year ending December 31, 2002. No long-term assets were
Rainbow Inc. reports net income of 223 dollars and Depreciation Expanse of 16 dollars for the year ending December 31, 2002. No long-term assets were sold or exchanged during 2002. Rainbow Inc. also has the following data available:
12/31/01 12/31/02
Current Assets:
Accounts Recievable: 90 151
Inventory: 54 88
12/31/01 12/31/02
Current Liabilities:
Accounts Payable: 42 51
Salaries Payable: 83 34
Using the indirect method, what is the net cash provided by operating activities for the year ending December 31, 2002?
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