Question
Statement of Cash Flows Ann's Flowers Inc. reported 2008 net income of $2.20 million and depreciation of $262,000. The top part Ann's Flowers, Inc.'s 2007
Statement of Cash FlowsAnn's Flowers Inc. reported 2008 net income of $2.20 million and depreciation of $262,000. The top part Ann's Flowers, Inc.'s 2007 and 2008 balance sheets is listed below (in millions of dollars).
Current assets:20072008Current liabilities:20072008Cash and marketable securities$4.20$2.60Accrued wages and taxes$1.12$1.12Accounts receivable4.606.20Accounts payable3.124.60Inventory7.20
5.60
Notes payable11.76
8.68
Total$16.00$14.40Total$16.00$14.40
What is the 2008 net cash flow from operating activities for Ann's Flower's, Inc.?
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