Question
Company reported 2018 net income of $9 million and depreciation of $3.5 million. The top part of the Companys 2017 and 2018 balance sheets is
Company reported 2018 net income of $9 million and depreciation of $3.5 million. The top part of the Companys 2017 and 2018 balance sheets is listed as follows (in millions of dollars).
2017 2018
Current assets:
Cash $18 $30
Accounts receivable 20 24
Inventory 10 11
Total Current Assets: $48 $65
Current Liabilities:
Accrued wages and taxes $ 5 $11
Accounts payable 25 29
Other Accrued Liabilities 18 25
Total Current Liabilities: $48 $65
What is the 2018 net cash flow from operating activities for the Company? (Display the answer as noted below - If you calculated the answer as being $12.3 million, input the answer in the following format 12.3)
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