Shen Limited reported net income of $32,000 for its latest year ended March 31, 2017.
Instructions
For each of the five different situations involving the statement of financial position accounts that follow, calculate the cash flow from operating activities using the indirect method:

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Accounts Receivable Inventory March 31 Accounts Payable March 31 March 31 2016 $17,900 $20,500 2017 2016 $21,500 $20,000 2017 2017 2016 (a) $20,000 (b) $23,000 (c) $20,000 (d) $19,500 (e) $21,500 $24,000 $16,500 $17,300 $12,000 $19,500 $12,900 $ 9,000 $14,600 $7,000 $10,200 $13,300 $9,300 $10,200 $21,000 $15,600 $14,000 $14,100 $11,300