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. ?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Transcribed Image Text: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, Inc.N 2007 and 2008
balance sheets is listed below (in millions of dollars).
Current assets:
2007 2008
Current liabilities:
2007 2008
Cash and marketable securities $3.80 $2.40
Accrued wages and taxes $1.08 $1.08
Accounts receivable
4.40
5.80
Accounts payable
3.08 4.40
10.84
6.80 5.40
$15.00 $13.60
inventory
Notes payable
812
Total
Total
$15.00 $13.60
What is the 2008 net cash flow from operating activities for Ann's Flower's, Inc.?
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