Question

The accounting records of Miller Company provided the data below ($ in 000s).


Net income $ 17,500
Depreciation expense 8,400
Increase in accounts receivable 4,400
Decrease in inventory 6,400
Decrease in prepaid insurance 1,500
Decrease in salaries payable 2,700
Increase in interest payable 900

What is the net cash provided (used) by operating activities?

A. $20,600
B. $27,600
C. $3,800
D. ($27,600)
E. $41,800

Answer

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