Prepare a reconciliation of net income to net cash flows

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Reference no: EM13392068

The accounting records of Rockness Company provided the data below ($ in 000s):

Net income 25,200

Depreciation and amortization expense 3,300

Decrease in accounts receivable 2,000

Increase in inventory 4,500

Increase in prepaid insurance 300

Increase in salaries payable 900

Decrease in interest payable 400

Required:

Prepare a reconciliation of net income to net cash flows from operating activities.

Reference no: EM13392068

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