Question
Ann's Flowers Inc. reported 2008 net income of $2.90 million and depreciation of $269,000. The top part Ann's Flowers, Inc.'s 2007 and 2008 balance sheets
Ann's Flowers Inc. reported 2008 net income of $2.90 million and depreciation of $269,000. 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 $4.90 $2.95 Accrued wages and taxes $1.19 $1.19 Accounts receivable 4.95 6.90 Accounts payable 3.19 4.95 Inventory 7.90 5.95 Notes payable 13.37 9.66 Total $17.75 $15.80 Total $17.75 $15.80 What is the 2008 net cash flow from operating activities for Ann's Flower's, Inc.?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started