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Ann's Flowers Inc. reported 2008 net income of $2.00 million and depreciation of $260,000. The top part Ann's Flowers, Inc.'s 2007 and 2008 balance sheets
Ann's Flowers Inc. reported 2008 net income of $2.00 million and depreciation of $260,000. The top part Ann's Flowers, Inc.'s 2007 and 2008 balance sheets is listed below (in millions of dollars).
Current assets: | 2007 | 2008 | Current liabilities: | 2007 | 2008 | |
Cash and marketable securities | $4.00 | $2.50 | Accrued wages and taxes | $1.10 | $1.10 | |
Accounts receivable | 4.50 | 6.00 | Accounts payable | 3.10 | 4.50 | |
Inventory | 7.00 | 5.50 | Notes payable | 11.30 | 8.40 | |
Total | $15.50 | $14.00 | Total | $15.50 | $14.00 |
What is the 2008 net cash flow from operating activities for Ann's Flower's, Inc.?
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