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Determine the net cash flow from operating activities

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Question - The financial statements of Garver, Inc., provide the following information for the current year:

Dec. 31 Jan. 1

Accounts receivable $70,000 $80,000

Inventory $110,000 $102,000

Prepaid expenses $24,000 $28,000

Accounts payable (for merchandise) $66,000 $64,000

Accrued expenses payable $30,000 $40,000

Net sales $520,000

Cost of goods sold $260,000

Operating expenses (including depreciation of $36,000) $160,000

Required - Determine the net cash flow from operating activities for the current year?

a. $114,000.

b. $118,000.

c. $122,000.

d. $134,000.

Reference no: EM132799081

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