Question

Net income was $44,700; accounts receivable decreased by $12,000; inventory increased by $7,200; proceeds from the issuance of long-term debt were $15,000; accounts payable decreased by $4,100; equipment purchases were $50,000; depreciation and amortization expense was $22,500.

Required:
Calculate the net cash provided (used) by operating activities for the period.



$1.99
Sales6
Views173
Comments0
  • CreatedOctober 05, 2013
  • Files Included
Post your question
5000