2A4D FOR THE FISCAL YEAR JUST ENDED, DORAN ELECTRONICS HAD THE FOLLOW...

99.

CSO: 2A4d

LOS: 2A4d

For the fiscal year just ended, Doran Electronics had the following results.

Net income

$920,000

Depreciation expense

110,000

Increase in accounts payable

45,000

Increase in accounts receivable

73,000

Increase in deferred income tax liability

16,000

Doran’s net cash flow from operating activities is

a.

$928,000.

b.

$986,000.

c.

$1,018,000.

d.

$1,074,000.