Sanders Awnings reported net income of $90 million. Included in that number were depreciation expense of $3
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Sanders Awnings reported net income of $90 million. Included in that number were depreciation expense of $3 million and a loss on the sale of equipment of $2 million. Records reveal increases in accounts receivable, accounts payable, and inventory of $1 million, $4 million, and $3 million, respectively. What were Sanders’ cash flows from operating activities?
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