Net cash provided or used by operating activities

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Reference no: EM13915181

A company's income statement showed the following: net income, $143,000 and depreciation expense, $35,700. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $11,300; merchandise inventory increased $21,800; and accounts payable increased $5,300. Calculate the net cash provided or used by operating activities.

a $137,000.

b $183,900.

c $140,300.

d $173,500.

e $206,500.

Reference no: EM13915181

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