Cambridge Corporation just completed its fiscal year ended February 28, 2021. The accounts receivable balance...
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Accounting
Cambridge Corporation just completed its fiscal year ended February 28, 2021. The accounts receivable balance was $30,000 at the beginning of the year and $45,000 at the end of the year. Accounts payable was $22,000 at the beginning of the year and $24,000 at the end of the year. Depreciation expense totaled $30,000 and dividends of $50,000 were paid during the year. Net income was $200,000. What is the amount of cash provided by operating activities? Enter as a whole number (no cents).
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