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Sanders Awnings reported net income of $98.5 million. Included in that number were depreciation expense of $1.6 million and a loss on the sale
Sanders Awnings reported net income of $98.5 million. Included in that number were depreciation expense of $1.6 million and a loss on the sale of equipment of $3.5 million. Records reveal increases in accounts receivable, accounts payable, and inventory of $2.6 million, $3.6 million, and $2.6 million, respectively. Required: What were Sanders' cash flows from operating activities? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) Cash flows from operating activities: Adjustments for noncash effects: Changes in operating assets and liabilities: Net cash flows from operating activities ($ in millions)
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