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Swifty Company reported net income of $69100 for the year. During the year, accounts receivable increased by $5600, accounts payable decreased by $4800 and depreciation
- Swifty Company reported net income of $69100 for the year. During the year, accounts receivable increased by $5600, accounts payable decreased by $4800 and depreciation expense of $8400 was recorded. Net cash provided by operating activities for the year is
$67100.
$87900.
$61500.
$69100.
- The net income reported on the income statement for the current year was $259000. Depreciation was $39500. Account receivable and inventories decreased by $12200 and $35000, respectively. Prepaid expenses and accounts payable increased, respectively, by $1100 and $8400. How much cash was provided by operating activities?
$309600
$324000
$353000
$336200
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