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The Hamada Company sales for 2016 totaled $151,000 and purchases totaled $87,000. Selected January 1, 2016, balances were: accounts receivable, $18,600; inventory, $14,300; and accounts payable, $10,800. December 31, 2016, balances were: accounts receivable, $15,900; inventory, $18,300; and accounts payable, $14,800. Net cash flows from these activities were:

$86,600.

$74,700.

$64,000.

$70,700.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91523214

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