In 2023, Sterling Technologies reported a net profit of $120,000 after including an amortization expense of $40,000. During the year, inventories increased by $80,000, and accounts receivable increased by $60,000. Accounts payable remained constant at $300,000. Calculate the cash from operations.

In 2023, Sterling Technologies reported a net profit of $120,000 after including an amortization expense of $40,000. During the year, inventories increased by $80,000, and accounts receivable increased by $60,000. Accounts payable remained constant at $300,000. Calculate the cash from operations.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...

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Please provide answer this accounting question not use chatgpt

In 2023, Sterling Technologies reported a net profit of $120,000
after including an amortization expense of $40,000. During the
year, inventories increased by $80,000, and accounts receivable
increased by $60,000. Accounts payable remained constant at
$300,000.
Calculate the cash from operations.

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