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The following information was taken from the 2017 financial statements of Zurich Corporation, a maker of fine Swiss watches: Net Income $210,000 Depreciation 50,000 Increase
The following information was taken from the 2017 financial statements of Zurich Corporation, a maker of fine Swiss watches: Net Income $210,000 Depreciation 50,000 Increase (decrease) in: Accounts receivable (140,000) Inventories 35,000 Prepaid expenses 10,000 Accounts payable 120,000 Accrued wages 25,000 Taxes payable (50,000) Calculate Zurich's cash flow from operating activities for 2017
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