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Vincent Fairfield, CEO of MetroAir, sat at his desk, examining the companys latest financial statements. This just doesnt make sense to me, Vincent thought. Were
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MetroAir Statement of Cash Flows For the Year Ended December 31, 2016 Cash Flows from Operating Activities 1662015 Net Income / (Loss) Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation 10168351 Increase in Accounts Receivable -604260 Increase in Inventories -1398945 Increase in Other Assets -331740 Decrease in Accounts Payable -51180 Decrease in Accrued Expenses -4603671 Increase in Salaries Payable 20560 Increase in Interest Payable 2731 Proceeds from Short-term Borrowing 225000 -1577445 Cash Flows from Operating Activities 84570 Cash Flows from Investing Activities Purchase of Equipment -150000 Cash Flows from Operating Activities 84570 Cash Flows from Investing Activities Purchase of Equipment -150000 Cash Flows from Investing Activities -150000 Cash Flows from Financing Activities Repayment of Long-term Debt -300000 Cash Flows from Financing Activities -300000 Net Increase in Cash -365430 Cash at Beginning of Period 631710 Cash at End of Period 266280
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