Hi-Tech, Inc., reports net income of $60 million. Included in that number are depreciation expense of $5

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Hi-Tech, Inc., reports net income of $60 million. Included in that number are depreciation expense of $5 million and a loss on the sale of equipment of $1 million. Records reveal increases in accounts receivable, accounts payable, and inventory of $2 million, $3 million, and $4 million, respectively. What are Hi-Tech's net cash flows from operating activities?
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Financial Accounting

ISBN: 9780078110825

2nd Edition

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

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