Harlow industries reported net income of $28,000 for the current year. during the year, inventory decreased by $8,500, accounts payable decreased by $8,750, depreciation expense was $11,500, and accounts receivable increased by $8,000. if the indirect method is used, what is the net cash provided by operating activities?

$14,250

Explanation: Using the indirect method of cash flow:

Operating Activities:

Net income                                                    $28,000

Less: Decrease in Inventory                        ($8,500)

Less: Decrease in Accounts Payable          (8,750)

Add: Depreciation                                          11,500

Less: Increase in Accounts Receivable       (8,000)

Net cash provided by operating activities  $14,250

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