In 2024, Riverdale Industries had a net profit of $320,000 after charging a depreciation expense of $90,000. During the year, inventories increased by $40,000, accounts receivable decreased by $25,000, and accounts payable increased by $35,000. Calculate the cash from operations.

Excel Applications for Accounting Principles
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ISBN:9781111581565
Author:Gaylord N. Smith
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In 2024, Riverdale Industries had a net profit of $320,000 after charging
a depreciation expense of $90,000. During the year, inventories
increased by $40,000, accounts receivable decreased by $25,000, and
accounts payable increased by $35,000. Calculate the cash from
operations.
Transcribed Image Text:In 2024, Riverdale Industries had a net profit of $320,000 after charging a depreciation expense of $90,000. During the year, inventories increased by $40,000, accounts receivable decreased by $25,000, and accounts payable increased by $35,000. Calculate the cash from operations.
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