Foxworthy Corporation's most recent balance sheet appears below:

Comparative Balance	Balance final	Opening balance
Assets:
Cash and cash equivalents	$36	$35
accounts receivable	71	63
Inventory	63	64
plant equipment	552	500
Less accumulated depreciation	336	319
Total assets.....................................	$386	$343
Liabilities and shareholders' equity
Accounts payable	$42	$48
Salaries to pay	sixteen	18
taxes payable	sixteen	14
Obligations with the public	89	100
deferred taxes	15	20
Common actions	31	30
Retained earnings	177	113
Total liabilities and stockholders' equity	$386	$343

Net income for the year was $79. Cash dividends were $15. Net cash provided by (used by) operations for the year was ?

Answer rating: 100% (QA)

We can calculate the net cash provided by operations using t... View the full answer