Cash flow from operating activites

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Reference no: EM131624628

XYZ earned -28,404 of net income during 2008. Depreciation expenses were 28,635. An abbreviated balance sheet for the company is shown below:

12/31/2008 12/31/2007

Accounts Receivable 99,994 91,991

Inventory 63,246 59,035

Accounts Payable 41,090 47,602

Accrued Expenses 39,027 25,348

Given this information, what was XYZ's "cash flow from operating activites" reported in its Statement of Cash Flows?

Reference no: EM131624628

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