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Hi-Tech, Inc., reports net income of $53.0 million. Included in that number are depreciation expense of $4.3 million and a loss on the sale
Hi-Tech, Inc., reports net income of $53.0 million. Included in that number are depreciation expense of $4.3 million and a loss on the sale of equipment of $1.7 million. Records reveal increases in accounts receivable, accounts payable, and inventory of $1.3 million, $2.3 million, and $3.3 million, respectively. What are Hi-Tech's 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).) HI-TECH, INC., 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 +
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