Question
Engineering Wonders reports net income of $58.0 million. Included in that number is building depreciation expense of $4.8 million and a gain on the sale
Engineering Wonders reports net income of $58.0 million. Included in that number is building depreciation expense of $4.8 million and a gain on the sale of land of $1.2 million. Records reveal decreases in accounts receivable, accounts payable, and inventory of $1.8 million, $2.8 million, and $3.8 million, respectively. What are Engineering Wonders net cash flows from operating activities? (List cash outflows and any decrease in cash as negative amounts. Round your answers to 1 decimal place. Enter your answers in millions (i.e., $10,100,000 should be entered as 10.1).)
ENGINEERING WONDERS Statement of Cash Flows (partial) Cash flows from operating activities Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities 0.0Step by Step Solution
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