Nevada Boot Co reported net income of $217,500 for its year ended December 31 2013. Purchases totaled $152,500. Accounts payable balances at the beginning and end of the year were $37,400 and $32,000 respectively. Beginning and ending inventory balances were $42,800 and $47,300 respectively. Assuming that all relevant information has been presented Nevada Boot would report operating cash flows of:
 

Answer rating: 100% (QA)

Accounts payable balance has decreased from 37400 to 32000 Inventory balanc... View the full answer