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Compute net cash provided by operating activities

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Question - Grouper Corporation reported net income of $53,700 in 2017. Depreciation expense was $17,000. The following working capital accounts changed.

Accounts receivable $11,700 increase

Available-for-sale debt securities 14,900 increase

Inventory 7,100 increase

Nontrade note payable 13,800 decrease

Accounts payable 12,900 increase

Required - Compute net cash provided by operating activities.

Reference no: EM132546035

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