Calculate net cash provided or used by operating activities

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Question 1: A company's income statement showed the following: net income. $148,000 and depreciation expense, $37200. An examination of the company's current assets and current liabilities showed the following changes: accounts receivable decreased $11,800; merchandise inventory increased $22800; and accounts payable increased $5800. Calculate the net cash provided or used by operating activities

Reference no: EM132794951

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