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Given the following selected information on McMillen's Chocolate, Inc., calculate Cash Flow from Operating Activities for 2017. 2016 2017 EAT $ 600,000 800,000 Depreciation Exp.
Given the following selected information on McMillen's Chocolate, Inc., calculate Cash Flow from Operating Activities for 2017.
2016 | 2017 | ||
EAT | $ 600,000 | 800,000 | |
Depreciation Exp. | 100,000 | 120,000 | |
Dividends | 400,000 | 550,000 | |
Accounts Receivable | 1,500,000 | 1,000,000 | |
Inventory | 3,500,000 | 4,100,000 | |
Accts. Payable | 350,000 | 350,000 | |
Accruals | 250,000 | 200,000 | |
Long-Term Debt | 2,300,000 | 2,000,000 | |
Common Stock | 2,200,000 | 3,000,000 | |
Interest expenses | 50,000 | 60,000 | |
Retained Earnings | 6,150,000 | 6,400,000 |
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