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Statement of Cash Flows Ann's Flowers Inc. reported 2008 net income of $2.80 million and depreciation of $268,000. The top part Ann's Flowers, Inc.'s 2007
Statement of Cash Flows Ann's Flowers Inc. reported 2008 net income of $2.80 million and depreciation of $268,000. 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 | $4.80 | $2.90 | Accrued wages and taxes | $1.18 | $1.18 | |
Accounts receivable | 4.90 | 6.80 | Accounts payable | 3.18 | 4.90 | |
Inventory | 7.80 | 5.90 | Notes payable | 13.14 | 9.52 | |
Total | $17.50 | $15.60 | Total | $17.50 | $15.60 |
What is the 2008 net cash flow from operating activities for Ann's Flower's, Inc.?
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