I want to correct answer general accounting question In 2024, Palmer Company had a net profit of $250,000 after charginga depreciation expense of $75,000. During the year, inventoriesdecreased by $30,000, accounts receivable increased by $45,000, andaccounts payable decreased by $15,000. Calculate the cash fromoperations.

Step 1: Definition of Cash from Operations (CFO)Cash from Operations (CFO) represents the cash…

Answered: In 2024, Palmer Company had a net…

Excel Applications for Accounting Principles

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In 2024, Palmer Company had a net profit of $250,000 after charging a depreciation expense of $75,000. During the year, inventories decreased by $30,000, accounts receivable increased by $45,000, and accounts payable decreased by $15,000. Calculate the cash from operations.