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Sheen Awnings reported net income of $98.0 million. Included in that number were depreciation expense of $3.2 million and a loss on the sale of
Sheen Awnings reported net income of $98.0 million. Included in that number were depreciation expense of $3.2 million and a loss on the sale of equipment of $2.2 million. Records reveal increases in accounts receivable, accounts payable, and inventory of $1.1 million, $2.0 million, and $4.1 million, respectively. What were Sheen's 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).) (S in millions) Cash flows from operating activities: Adjustments for noncash effects: Changes in operating assets and liabilities Net cash flows from operating activities
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