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What is the effect of collections from customers

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Reference no: EM132381922

Question

Newark Company has provided the following information:

•Cash sales, $510,000

•Credit sales, $1,410,000

•Selling and administrative expenses, $390,000

•Sales returns and allowances, $96,000

•Gross profit, $1,420,000

•Increase in accounts receivable, $61,000

•Bad debt expense, $39,000

•Sales discounts, $49,000

•Net income, $1,030,000

What is the effect of collections from customers on cash flow from operating activities, using the indirect method?

Reference no: EM132381922

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