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The Ned Stark Publishing Co. had the following current asset and liability information for 2017: 12/31/2016 12/31/2017 Change Cash $135,000 $105,000 -$30,000 Accounts receivable 70,000
The Ned Stark Publishing Co. had the following current asset and liability information for 2017:
12/31/2016 | 12/31/2017 | Change | |
Cash | $135,000 | $105,000 | -$30,000 |
Accounts receivable | 70,000 | 80,000 | 10,000 |
Inventory | 60,000 | 85,000 | 25,000 |
Prepaid rent | 85,000 | 35,000 | -50,000 |
Total current assets | $350,000 | $305,000 | |
Accounts payable | $ 40,000 | $ 30,000 | -$10,000 |
Accrued interest payable | 20,000 | 25,000 | 5,000 |
Accrued wages payable | 70,000 | 65,000 | -5,000 |
Total current liabilities | $130,000 | $120,000 |
Ned reported net income of $60,000 and depreciation of $30,000. They purchased $50,000 in property, plant and equipment. Based on this information, Neds 2017 cash flow from operations is $[a] net cash [b].
The first blank is for a dollar amount. Do not use the $ sign or decimals in your answer. Commas are ok.
Use the following abbreviations for the second blank.
I for inflow
O for outflow
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