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    Compute net cash provided by operating activities

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    Hendrickson Corporation reported net income of $50,000 in 2010. Depreciation expense was $17,000. The following working capital accounts changed.

    Accounts receivable $11,000 increase
    Available-for-sale securities 16,000 increase
    Inventory 7,400 increase
    Nontrade note payable 15,000 decrease
    Accounts payable 12,300 increase

    Compute net cash provided by operating activities.

    $

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    Cash from Operating Activities

    Net Income ...

    Solution Summary

    The solution computes net cash provided by operating activities.

    $2.19

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