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Statement of Cash Flows Ann's Flowers Inc. reported 2008 net income of $1.20 million and depreciation of $252,000. The top part Ann's Flowers, Inc.'s 2007
Statement of Cash Flows Ann's Flowers Inc. reported 2008 net income of $1.20 million and depreciation of $252,000. 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 | $3.20 | $2.10 | Accrued wages and taxes | $1.02 | $1.02 | |
Accounts receivable | 4.10 | 5.20 | Accounts payable | 3.02 | 4.10 | |
Inventory | 6.20 | 5.10 | Notes payable | 9.46 | 7.28 | |
Total | $13.50 | $12.40 | Total | $13.50 | $12.40 |
What is the 2008 net cash flow from operating activities for Ann's Flower's, Inc.?
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