Find what net cash provided by operating activities was

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Reference no: EM132754579

In preparing a company's statement of cash flows using the indirect method, the following information is available:

Net income$67,000

Accounts payable increased by 19,500

Accounts receivable decreased by 26,500

Inventories increased by 8,000

Depreciation expense 34,500

Problem 1: Net cash provided by operating activities was:

Multiple Choice

Option 1: $139,500.
Option 2: $70,500.
Option 3: $86,500.
Option 4: $102,500.
Option 5: $155,500.

Reference no: EM132754579

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