The MBA 802 Company reported 2018 net income of $9 million and depreciation of $3.5 million....

The MBA 802 Company reported 2018 net income of $9 million and depreciation of $3.5 million. The top part of the MBA802’s 2017 and 2018 balance sheets is listed as follows (in millions of dollars).

2017 2018

Current assets:

Cash $18 $30

Accounts receivable 20 24

Inventory 10 11

Total Current Assets: $48 $65

Current Liabilities:

Accrued wages and taxes $ 5 $11

Accounts payable 25 29

Other Accrued Liabilities 18 25

Total Current Liabilities: $48 $65

What is the 2018 net cash flow from operating activities for the MBA802 Company? (Display the answer as noted below - If you calculated the answer as being $12.3 million, input the answer in the following format 12.3)

Expert Solution

ekkarill92 answered 1 year ago

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