Reference no: EM132528136

Question 1 - Swifty Company reported net income of $69100 for the year. During the year, accounts receivable increased by $5600, accounts payable decreased by $4800 and depreciation expense of $8400 was recorded. Net cash provided by operating activities for the year is

$67100.

$87900.

$61500.

$69100.

Question 2 - The net income reported on the income statement for the current year was $259000. Depreciation was $39500. Account receivable and inventories decreased by $12200 and $35000, respectively. Prepaid expenses and accounts payable increased, respectively, by $1100 and $8400. How much cash was provided by operating activities?

$309600

$324000

$353000

$336200