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What is toro company cash flows from operations for period

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Reference no: EM132905873

Toro Company reported net income of $100 and depreciation expense of $2. Additionally, it had the following changes in its balance sheet accounts:

Accounts receivable 20 Decrease
Accounts payable 40 Decrease
Inventory 30 Increase
Common stock 100 Increase
Long-term debt 10 Decrease

Problem 1: What is Toro Company's cash flows from operations for the period?

Group of answer choices

Option 1: $92
Option 2: $12
Option 3: $52
Option 4: $42

Reference no: EM132905873

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