ILoveFinance, Inc., provided the following financial information for the quarter ending September 30, 2006: Net income $241,463 Depreciation and amortization $133,414 Increase in receivables $102,709 Increase in accounts payables $62,411 Decrease in marketable securities $31,225 Increase in inventory $81,336 What is the cash flow from operating activities generated during this quarter by the firm? a. $253,243 b. -$308,458 c. $343,243 d. $374,468
ILoveFinance, Inc., provided the following financial information for the quarter ending September 30, 2006: Net income $241,463 Depreciation and amortization $133,414 Increase in receivables $102,709 Increase in accounts payables $62,411 Decrease in marketable securities $31,225 Increase in inventory $81,336 What is the cash flow from operating activities generated during this quarter by the firm? a. $253,243 b. -$308,458 c. $343,243 d. $374,468
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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ILoveFinance, Inc., provided the following financial information for the quarter ending September 30, 2006:
Net income $241,463
Increase in receivables $102,709
Increase in accounts payables $62,411
Decrease in marketable securities $31,225
Increase in inventory $81,336
What is the cash flow from operating activities generated during this quarter by the firm?
a. $253,243
b. -$308,458
c. $343,243
d. $374,468
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