Use the following information to find the cash flow from operations in 2013

Description	2012	2013		Description	2012	2013
Average tax rate	35%	35%		Accounts payable	500	400
Cash and marketable securities	80	100		Depreciation	400	500
Accruals	300	350		Inventories	700	800
Dividends Paid	200	500		Cost of goods sold	2500	3500
Accounts receivable	500	600		Net fixed assets	4000	4500
Long term debt	1200	1100		Revenues	4000	5800
Notes payable	700	900

Question 16 options:

	1170
	1420
	1250
	1300