A chemical company has net sales of Rs.50 lakhs, cash expenses (including taxes) of Rs.35 lakhs and depreciation expenses of Rs.5 lakhs. If debtors decrease over the period by Rs.6 lakhs, what is its cash from operations?
|Cash Flows from Operating Activities|
|Adjustments to reconcile net income to|
|net cash provided by operating activities:|
|Depreciation on fixed assets||500,000|
|Decrease in debtors||600,000|
|Cash expenses including taxes||(3,500,000)|
|Net Cash Provided by Operating Activities||2,600,000|
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