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What is the net cash flow from operating activities

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Reference no: EM132774962

Question - Statement of Cash Flows 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 5.60

Notes payable 11.76 8.68

Total $16.00 $14.40 Total $16.00 $14.40

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

Reference no: EM132774962

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