Question
tatement of Cash Flows Ann's Flowers Inc. reported 2008 net income of $1.70 million and depreciation of $257,000. The top part Ann's Flowers, Inc.'s 2007
tatement of Cash Flows Ann's Flowers Inc. reported 2008 net income of $1.70 million and depreciation of $257,000. 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 $3.70 $2.35 Accrued wages and taxes $1.07 $1.07 Accounts receivable 4.35 5.70 Accounts payable 3.07 4.35 Inventory 6.70 5.35 Notes payable 10.61 7.98 Total $14.75 $13.40 Total $14.75 $13.40 What is the 2008 net cash flow from operating activities for Ann's Flower's, Inc.? -$1,350,000 $3,237,000 $1,700,000 $1,537,000
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