Compute the amount of cash payments for operating expenses

Reference no: EM132174256

Question - The financial statements of York, Inc., provide the following information for the current year:

	Dec.31	Jan.1
Accounts receivable	$136,500	$120,750
Inventory	$131,250	$126,000
Prepaid expenses	$33,600	$31,500
Accounts payable (for merchandise)	$118,650	$110,775
Accrued expenses payable	$33,075	$36,225
Net sales	$1,548,750
Cost of goods sold	$813,750
Operating expenses (including depreciation of $47,250)	$183,750

Compute the amount of cash payments for operating expenses.

a. $138,600

b. $141,750

c. $189,000

d. $174,825

Reference no: EM132174256

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