Answered

In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income $ 58,000 Accounts payable increased by 18,600 Accounts receivable decreased by 25,600 Inventories increased by 6,200 Depreciation expense 31,800 Net cash provided by operating activities was:

Answer :

PARRAINGO

Based on the information available, the net cash from operating activities is $127,800.

How much cash did the company make from operations?

This can be found as:

= Net income + Increase in Accounts payable + Decrease in account receivable - Increase in inventory +Depreciation

Solving gives:

= 58,000 + 18,600 + 25,600 - 6,200 + 31,800

= $127,800

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