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Based on Rowan, Inc.'s, income statement shown below and the other information provided, calculate the net cash provided by operations using the indirect method. Additional information:
Petty Cash
A small amount of cash kept on hand for making immediate payments for miscellaneous small expenses.
Cash on Hand
The amount of liquid currency that a person or business has available for immediate use.
Sarbanes-Oxley Act
A U.S. law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures, prompted by financial scandals.
Financial Statements
Reports that summarize the financial performance, position, and cash flows of a business over a specific period of time.
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