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The comparative balance sheets for Swifty Company show these changes in noncash current asset accounts: accounts receivable decreased $80,000, prepaid expenses increased $28,500, and inventories increased
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The comparative balance sheets for Swifty Company show these changes in noncash current asset accounts: accounts receivable decreased $80,000, prepaid expenses increased $28,500, and inventories increased $43,500. Compute net cash provided by operating activities using the indirect method, assuming that net income is $228,900.

User Mja
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15 votes
15 votes

Answer:

$236,900

Step-by-step explanation:

Computation for net cash provided by operating activities using the indirect method

Net income $228,900

Add : Account receivables $80,000

Less: Prepaid expenses ($28,500)

Less :Inventories ($43,500)

NET CASH by OPERATING ACTIVITIES $236,900

Therefore net cash provided by operating activities using the indirect method is $236,900

User John Deters
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