Question
Statement of Cash Flows Ann's Flowers Inc. reported 2008 net income of $1.80 million and depreciation of $258,000. The top part Ann's Flowers, Inc.'s 2007
Statement of Cash Flows Ann's Flowers Inc. reported 2008 net income of $1.80 million and depreciation of $258,000. The top part Ann's Flowers, Inc.'s 2007 and 2008 balance sheets is listed below (in millions of dollars).
| Current assets: | 2007 | 2008 | Current liabilities: | 2007 | 2008 | |
| Cash and marketable securities | $3.80 | $2.40 | Accrued wages and taxes | $1.08 | $1.08 | |
| Accounts receivable | 4.40 | 5.80 | Accounts payable | 3.08 | 4.40 | |
| Inventory | 6.80 | 5.40 | Notes payable | 10.84 | 8.12 | |
| Total | $15.00 | $13.60 | Total | $15.00 | $13.60 |
What is the 2008 net cash flow from operating activities for Ann's Flower's, Inc.?
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Finance Applications and Theory
Authors: Marcia Cornett, Troy Adair
3rd edition
1259252221, 007786168X, 9781259252228, 978-0077861681
