The Net Operating Profit of Patrick Ltd Was $31 000

question 28

Multiple Choice

The net operating profit of Patrick Ltd was $31 000. Depreciation expense was $10 000 and gain on sale of equipment was $2 000. Accounts receivable increased by $15 000 and inventory decreased by $7 000. Accounts payable decreased by $8 000. What was the cash flow from operations?

• A) $47 000
• B) $39 000
• C) $25 000
• D) $23 000