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Portions of the financial statements for Myriad Products are provided below. $ 860 559 MYRIAD PRODUCTS COMPANY Income Statement For the Year Ended December 31,
Portions of the financial statements for Myriad Products are provided below. $ 860 559 MYRIAD PRODUCTS COMPANY Income Statement For the Year Ended December 31, 2018 ($ in millions) Sales Cost of goods sold Gross margin Salaries expense $140 Depreciation expense Patent amortization expense Interest expense Loss on sale of land income before taxes Income tax expense Net Income MYRIAD PRODUCTS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2018 and 2017 ($ in millions) Year 2018 2017 $126 ANO Change $ 6 (14) Cash Accounts receivable Inventory Accounts payable Salaries payable Interest payable mm u EILTIUT Saved Required: Prepare the cash flows from operating activities section of the statement of cas method. (Enter your answers in millions (ie., 10,000,000 should be entered a with a minus sign.) (5 in millions) Cash Flows from Operating Activities: Adjustments for noncash effects: Changes in operating assets and liabilities: Net cash flows from operating activities $ 0
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