In 20X4, Racer, Inc. had Net Income of $60,000. Depreciation expense for 20X4 was $7,000. Below are net changes in selected account balances at Racer for 20X4: Cash decrease of $10,000 Accounts Receivable decrease of $11,000 Inventory increase of $12,000 Wages Payable decrease of $9,000 How much was Racer's net cash flow from operating activities for 20X4?

Answer rating: 100% (QA)

To determine Racer Incs net cash flow from operating activities for 20X4 we need to consider the cha... View the full answer