Williamsburg Market is an all-equity firm that has net income of $96,200, depreciation expense of $6,300, and an increase in net working capital of $2,800. What is the amount of the net cash from operating activity?
A) $91,300
B) $99,700
C) $93,400
D) $105,300
E) $113,700

Question

Quizplus · Accepted Answer

Net cash from operating activity is calculated by adding net income, depreciation expense, and subtracting the increase in net working capital. So, $96,200 (net income) + $6,300 (depreciation expense) - $2,800 (increase in net working capital) = $99,700.

Williamsburg Market Is an All-Equity Firm That Has Net Income