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Speedy Supermarket reported net income of $24,000 in 2017. No dividends were declared nor paid during the year. Changes in the selected accounts during the
Speedy Supermarket reported net income of $24,000 in 2017. No dividends were declared nor paid during the year. Changes in the selected accounts during the year are:
Category Increase or (Decrease) Accounts receivable $16,200 Inventory 11,800 Prepaid expenses (4,000) Accounts payable 27,300 Salaries payable (3,000)
How much is the companys net cash provided by operating activities? Group of answer choices
a. $24,300
b. $72,300
c. $300
d. $48,300
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