JBS Inc.recently reported net income of $4,750 and depreciation of $885.How much was its net cash provided (used) by operations, assuming it had no amortization expense, added $200 to inventories, sold none of its fixed assets, and had a $200 increase in accounts payable?

Question

Quizplus · Accepted Answer

Net cash provided by operations is calculated as net income plus depreciation, minus the increase in inventories, plus the increase in accounts payable. So, $4,750 + $885 - $200 + $200 = $5,635.00.

JBS IncRecently Reported Net Income of $4,750 and Depreciation of $885