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Statement of Cash Flows Ann's Flowers Inc. reported 2008 net income of $2.80 million and depreciation...

Statement of Cash Flows Ann's Flowers Inc. reported 2008 net income of $2.80 million and depreciation of $268,000. 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 $4.80 $2.90   Accrued wages and taxes $1.18 $1.18
  Accounts receivable 4.90 6.80   Accounts payable 3.18 4.90
  Inventory

7.80

5.90

   Notes payable

13.14

9.52
  Total $17.50 $15.60   Total $17.50 $15.60


What is the 2008 net cash flow from operating activities for Ann's Flower's, Inc.?

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Expert Solution

Ann's Flowers Inc
Cash flow from Operating activities
(Indirect Method)
Net Income $           28,00,000
Adjsutments to reconcile net income to net cash flow from operating activities:
Depreciation $             2,68,000
Incresae of accounts receivable $         -19,00,000
Decrease of Inventory $           19,00,000
Increase of accounts payable $           17,20,000
Decrease of notes payable $         -36,20,000
Net Cash flow from Operating activities $           11,68,000

jeff jeffy answered 2 years ago
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