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telo118 [61]
2 years ago
9

JBS Inc. recently reported net income of $3,500 and depreciation of $885. How much was its net cash provided (used) by operation

s, assuming it had no amortization expense, added $200 to inventories, sold none of its fixed assets, and had a $200 increase in accounts payable
Business
1 answer:
Delvig [45]2 years ago
3 0

Answer:

$4,385

Explanation:

Cash flow from Operating Activities

Net income                                                                    $3,500

Adjustment for non-cash items :

Depreciation                                                                     $885

Adjustment for Changes in Working Capital :

Increase in Inventory                                                      ($200)

Increase in accounts payable                                         $200

Net cash provided (used) by operations                     $4,385

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