Business, 20.09.2020 15:01, nataliaalejandradasi

Given the following information related to net changes in working capital accounts for the Player Company: Increase Decrease
Cash $15,000
Trade accounts receivable (net) 8,400
Inventories $16,200
Salaries payable (operating) 6,000
Trade accounts payable 11,000

Cash Provided by Operating Activities is $100,000. The company also indicated that depreciation expense for the year was $14,200. Net Income is:

a. $73,000
b. $87,200
c. $118,200
d. $103,000
e. $103,200

Answers: 2

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Given the following information related to net changes in working capital accounts for the Player Co...