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Inventory decreased by 6000 and accounts payable decreased

Question - Middlesex LTD made sales of $710,000 and had cost of goods sold for $310000. Inventory decreased by $6000 and accounts payable decreased by $5000. Operating expenses were $195000. How much was Middlesex net income for the year?

$135000

$330000

$130000

$129000

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Accounting Basics: Inventory decreased by 6000 and accounts payable decreased

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Accounting Basics: Inventory decreased by 6000 and accounts payable decreased

Reference No:- TGS02499529

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