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Help please:) Engineering Wonders reports net income of $57.0 million. Included in that number is building depreciation expense of $4.7 million and a gain on
Help please:)
Engineering Wonders reports net income of $57.0 million. Included in that number is building depreciation expense of $4.7 million and a gain on the sale of land of $1.3 million, Records reveal decreases in accounts receivable, accounts payable, and inventory of $1.7 million, $2.7 million, and $3.7 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 Decrease in accounts payable Decrease in accounts receivable Decrease in inventory Depreciation expense Net cash flows from operating activities Engineering Wonders reports net income of $57.0 million. Included in that number is building depreciation expense of $4.7 million and a gain on the sale of land of $1.3 million, Records reveal decreases in accounts receivable, accounts payable, and inventory of $1.7 million, $2.7 million, and $3.7 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 Adiusiments to reconcile nel income to net cash flows from operating activities: Net cash flows from operating activitiesStep by Step Solution
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