Question
N&M Corporation reported the following information for the current year: (1) Net income is $560 million. (2) Sales of plant assets $26 million. (3) Customer
N&M Corporation reported the following information for the current year:
(1) Net income is $560 million.
(2) Sales of plant assets $26 million.
(3) Customer accounts receivable decreased by $14 million.
(4) Repurchases of common stock were $20 million.
(5) Depreciation expense was $38 million.
(6) Income tax payable increased by $4 million.
(7) Long-term debt decreased by $13 million.
(8) Accounts payable increased by $9 million.
(9) Inventories increased by $24 million.
Required: Based on the above information, calculate the cash flow from operating activities. Your answer should include all the zeros, no comma. (Ex. 23,000,000 written as 23000000 and -23,000,000 written as -23000000)
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