Question
Statement of Cash Flows Ann's Flowers Inc. reported 2008 net income of $1.30 million and depreciation of $253,000. The top part Ann's Flowers, Inc.'s 2007
Statement of Cash Flows Ann's Flowers Inc. reported 2008 net income of $1.30 million and depreciation of $253,000. 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 $3.30 $2.15 Accrued wages and taxes $1.03 $1.03 Accounts receivable 4.15 5.30 Accounts payable 3.03 4.15 Inventory 6.30 5.15 Notes payable 9.69 7.42 Total $13.75 $12.60 Total $13.75 $12.60 What is the 2008 net cash flow from operating activities for Ann's Flower's, Inc.?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started