Question
Wilmette & Company reported net income totaling $113,000. Depreciation expense for the year was $16,000. Accounts receivable decreased by $2,150, inventory increased by $2,250, dividends
Wilmette & Company reported net income totaling $113,000. Depreciation expense for the year was $16,000. Accounts receivable decreased by $2,150, inventory increased by $2,250, dividends paid totaled $7,500, accounts payable decreased by $2,500, and taxes payable increased by $3,500. How much is the company's cash flow from operations?
| A. | $128,100 | |
| B. | $129,900 | |
| C. | $122,400 | |
| D. | $120,600 |
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Accounting Costing And Management
Authors: Riad Izhar, Janet Hontoir
2nd Edition
9780198328230
