Reference no: EM132818365
Despero Company provided the following information for the current year:
Net income P3,980,000
Deprectaion expense 1,060,000
Amortization 200,000
Decrease in accounts receivable 1,260,000
Increase in inventory 900,000
Increase in accounts payale 240,000
Payment of dividends 540,000
Purchased of financial assets at amortized cost 300,000
Loss on sale of financial asset ast FVOCI 50,000
Decrease in income tax payable 150,000
Increase in long-term note payable 2,900,000
Required:
Problem 1: Compute for net cash provided by operating activities for the current year
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