Question

An analysis of the balance sheet and income statement of Sanchez Company revealed the following: net income, $12,750; depreciation expense, $32,600; decrease in accounts receivable, $21,500; increase in inventory, $18,300; increase in accounts payable, $19,800; and a decrease in interest payable of $1,200.

Required:
Compute the net cash flows from operating activities using the indirect method.


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  • CreatedSeptember 22, 2015
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