Saturn Companys income statement for the current year shows ($100,000) as its net income. Its depreciation expense
Question:
Saturn Company’s income statement for the current year shows \($100,000\) as its net income. Its depreciation expense is \($5,000\).
The only changes to its working capital balances over the last year were that accounts receivable increased by \($40,000,\) inventory decreased by \($10,000,\) and accounts payable increased by \($5,000.\) What is Saturn’s cash flow from operations (CFFO) for the year?
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