Compute what is the net cash flow from operating activities

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Ann's Flowers Inc. reported 2008 net income of $2.20 million and depreciation of $262,000. 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         $4.20          $2.60        Accrued wages and taxes           $1.12        $1.12

Accounts receivable                          4.60       6.20            Accounts payable                       3.12       4.60

Inventory 7.20

Problem 1: What is the 2008 net cash flow from operating activities for Ann's Flower's, Inc.?

Reference no: EM132768671

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