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Statement of Cash Flows Ann's Flowers Inc. reported 2008 net income of $1.90 million and depreciation of $259,000. The top part Ann's Flowers, Inc.'s 2007
Statement of Cash Flows Ann's Flowers Inc. reported 2008 net income of $1.90 million and depreciation of $259,000. 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 | $3.90 | $2.45 | Accrued wages and taxes | $1.09 | $1.09 | |
Accounts receivable | 4.45 | 5.90 | Accounts payable | 3.09 | 4.45 | |
Inventory | 6.90 | 5.45 | Notes payable | 11.07 | 8.26 | |
Total | $15.25 | $13.80 | Total | $15.25 | $13.80 |
What is the 2008 net cash flow from operating activities for Ann's Flower's, Inc.?
A. $1,619,000
B. $3,519,000
C. -$1,450,000
D. $1,900,000
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