Determining net cash flow from operating activities
an analysis of the balance sheet and...
Business, 07.12.2019 02:31 Victoriag2626
Determining net cash flow from operating activities
an analysis of the balance sheet and income statement of sanchez company revealed the following: net income, $12,750; depreciation expense, $32,600; decrease in accounts receivable, $21,500; increase in inventory, $18,300; increase in accounts payable, $19,800; and decrease in interest payable of $1,200.
required:
compute the net cash flows from operating activities using the indirect method
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