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Selected information about South, Inc., a restaurant chain, follows. Assuming that there were no financing cash flows during 2015 and basing your answer solely on
Selected information about South, Inc., a restaurant chain, follows. Assuming that there were no financing cash flows during 2015 and basing your answer solely on the information provided, what were the cash flows from operations (in $ millions) for 2015?
($millions) Net sales Cost of goods sold Depreciation Net income Finished goods inventory Accounts receivable Accounts payable Net fixed assets Year-end cash balance 2014 $104 60 20 10 12 20 12 160 $86 2015 $156 82 24 16 10 30 18 168 135Step by Step Solution
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