Dino Company reported net income of $72,000 for the year.During the year, accounts receivable increased by $7,000, accounts payable decreased by $3,000 and depreciation expense of $5,000 was recorded.Net cash provided by operating activities for the year is

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Net cash provided by operating activities is calculated by adjusting net income for changes in working capital and non-cash expenses. Starting with net income of $72,000, subtract the increase in accounts receivable ($7,000), subtract the decrease in accounts payable ($3,000), and add back the non-cash depreciation expense ($5,000). This results in $72,000 - $7,000 - $3,000 + $5,000 = $67,000.

Dino Company Reported Net Income of $72,000 for the Year