Describe the indirect approach for net cash

Reference no: EM131835426

Question: Miguel, Inc. reported net income of $2.5 million in 2017. Depreciation for the year was $160,000, accounts receivable decreased $350,000, and accounts payable decreased $280,000. Compute net cash provided by operating activities using the indirect approach. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131835426

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