Calculate and determine the dollar value of cash

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Ocean Pines Company had net income $575,000. They also had depreciation expense of $125,000, an increase or (decrease) in accounts receivable of $-10,000, and an increase or (decrease) in inventory of $-25,000. Ocean Pines prepares their Statement of Cash Flows using the indirect method.

Question 1: Use this information to determine the dollar value of cash provided or (used) by operating activities. If the total is a use of cash, enter as a negative number. (a negative number for accounts receivable or inventory indicates that the balance decreased)

Reference no: EM132463702

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