A company had net income of $349680. Depreciation expense is $32240. During the year, accounts receivable and inventory increased $18600 and $49600, respectively. Prepaid expenses and accounts payable decreased $2480 and $17360, respectively. There was also a loss on the sale of equipment of $21080. How much cash was provided by operating activities?

Answer rating: 100% (QA)

Particulars Amount Net income 349680 Add Depreciation ... View the full answer