Statement of Cash Flows Ann's Flowers Inc. reported 2008 net income of $1.80 million and depreciation...
Statement of Cash Flows Ann's Flowers Inc.
reported 2008 net income of $1.80 million and depreciation of
$258,000. 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 | $3.80 | $2.40 | Accrued wages and taxes | $1.08 | $1.08 | |
| Accounts receivable | 4.40 | 5.80 | Accounts payable | 3.08 | 4.40 | |
| Inventory |
6.80 |
5.40 |
Notes payable |
10.84 |
8.12 |
|
| Total | $15.00 | $13.60 | Total | $15.00 | $13.60 |
What is the 2008 net cash flow from operating activities for Ann's
Flower's, Inc.?
Homework Answers
Calculation of cash flow from operating activities: (in millions of dollars)
|
Net Income |
1.80 |
|
Add: Depreciation, since non-cash |
0.258 |
|
Less: Increase in Accounts Receivables (cash block) |
1.40 |
|
Add: Decrease in Inventory (cash release) |
1.40 |
|
Add: Increase in Accounts Payables (cash not paid) |
1.32 |
|
Cash flow from operating activities |
$3.378 |
2008 net cash flow from operating activities for Ann's Flower's, Inc. = $3.378 million or $3,378,000
Notes payable is a part of financing activity and hence not taken.
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