Compute net cash provided by operating activities


Hendrickson Corporation reported net income of $54,590 in 2010. Depreciation expense was $15,590. The following working capital accounts changed.

Accounts receivable $11,450 increase
Available-for-sale securities 15,490 increase
Inventory 7,320 increase
Nontrade note payable 14,240 decrease
Accounts payable 12,920 increase

Compute net cash provided by operating activities.

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Accounting Basics: Compute net cash provided by operating activities
Reference No:- TGS063098

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