Reference no: EM131594995

Question: A business has the following financial information at the end of the year:

                                                 Prior year           Current year

Net income                                                          $750,000

Depreciation expense                                           $150,000

Dividends paid                                                     $550,000

Accounts receivable                   $1,500,000          $2,000,000

Inventory                                  $3,500,000          $2,000,000

Accounts payable                       $350,000              $500,000

Long term debt                          $2,300,000          $3,000,000

Common stock                          $2,200,000          $2,500,000

Retained earnings                      $6,150,000          $6,350,000

Based on the financial information presented above, determine net cash flow from operating activities for the current year.