This year Ervelle reports profit of 215,000 after 96,000 of depreciation. Its customers paid faster (receivables down by 44,000), but it built up stock (increase of 130,000) and paid some suppliers earlier (payables down by 27,000). What is its net operating cash flow under the indirect method?
- Profit
- 215,000
- Depreciation
- 96,000
- Decrease in receivables
- 44,000
- Increase in inventories
- 130,000
- Decrease in payables
- 27,000