Sunset Acres reported net income of $$60$ million. Included in that number were trademark amortization expense of $$2$ million and a gain on the sale of land of $$1$ million. Records reveal decreases in accounts receivable, accounts payable, and inventory of $$2$ million, $$5$ million, and $$4$ million, respectively.

Required:

What were Sunset's cash flows from operating activities?

Note: Cash outflows should be indicated with a minus sign. Enter your answers in millions $($I$.$e$.,10,000,000$ should be entered as $10).$

$\backslash$table$[[,(s$ in millions$)],[$Cash flows from operating activities:,$],[,],[$Adjustments for noncash effects:,$],[,],[,],[$Changes in operating assets and liabilities:,$],[,],[,],[,],[$Net cash flows from operating activities,s$]]$

Prev

$10$ of $10$

Next