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Sanders Awnings reported net income of $85.0 million. Included in that number were depreciation expense of $3.7 million and a loss on the sale
Sanders Awnings reported net income of $85.0 million. Included in that number were depreciation expense of $3.7 million and a loss on the sale of equipment of $1.5 million. Records reveal increases in accounts receivable, accounts payable, and inventory of $1.7 million, $2.7 million, and $3.7 million, respectively. Required: What were Sanders' cash flows from operating activities? Note: Cash outflows should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e.. 5,500,000 should be entered as 5.5). Cash flows from operating activities: Adjustments for noncash effects Changes in operating assets and liabilities: ($ in millions) Net cash flows from operating activities $ 0.0
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