Question
Paige's Properties Inc. reported 2018 net income of $2.90 million and depreciation of $269,000. Paige's Properties, Inc.'s 2017 and 2018 balance sheets are listed below
Paige's Properties Inc. reported 2018 net income of $2.90 million and depreciation of $269,000. Paige's Properties, Inc.'s 2017 and 2018 balance sheets are listed below (in millions of dollars). Current assets 2017 2018 Current liabilities 2017 2018 Cash and marketable securities $ 4.90 $ 2.95 Accrued wages and taxes $ 1.19 $ 1.19 Accounts receivable 4.95 6.90 Accounts payable 3.19 4.95 Inventory 7.90 5.95 Notes payable 13.37 9.66 Total $ 17.75 $ 15.80 Total $ 17.75 $ 15.80
What is the 2018 net cash flow from operating activities for Paige's Properties, Inc.?
Multiple Choice
$2,029,000
$2,900,000
$1,950,000
$4,929,000
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