Statement of Cash Flows Ann's Flowers Inc. reported 2008 net income of $1.80 million and depreciation of $258,000. The top part Ann's Flowers, Incs 2007 and 2008 balance sheets is listed below (in millions of dollars). Current assets: 2007 2008 Cash and marketable securities $3.80 $2.40 4.40| 5.80 Current liabilities Accrued wages and taxes $1.08 $108 2007 2008 Accounts recelvable Accounts payable 3.08 4.40 Inventory 6.80 5.40 Notes payable 10.84 812 Total $15.00 $13.60 Total $15.00 $13.60 What is the 2008 net cash flow from operating activities for Ann's Flower's, Inc. ?
Statement of Cash Flows Ann's Flowers Inc. reported 2008 net income of $1.80 million and depreciation of $258,000. The top part Ann's Flowers, Incs 2007 and 2008 balance sheets is listed below (in millions of dollars). Current assets: 2007 2008 Cash and marketable securities $3.80 $2.40 4.40| 5.80 Current liabilities Accrued wages and taxes $1.08 $108 2007 2008 Accounts recelvable Accounts payable 3.08 4.40 Inventory 6.80 5.40 Notes payable 10.84 812 Total $15.00 $13.60 Total $15.00 $13.60 What is the 2008 net cash flow from operating activities for Ann's Flower's, Inc. ?
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter1: Introduction To Business Activities And Overview Of Financial Statements And The Reporting Process
Section: Chapter Questions
Problem 38P
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