Question: 110 points Brief Exercise 11-6 Calculate operating activities-Indirect method (1O11-2) Hi-Tech, Inc, reports net income of $63 milion Included in that number are depreciation expense
110 points Brief Exercise 11-6 Calculate operating activities-Indirect method (1O11-2) Hi-Tech, Inc, reports net income of $63 milion Included in that number are depreciation expense of $5 3 million and a loss on the sale of equipment of $1.3 million Records revea increases in accounts receivable, aocounts payable, and inveotory of $2.3 miltion, $3.3 million and $4.3 million, respectively What are Hi-Toch's net cash fows from operating aclivities? (List cash outflows and any decroase in cesh as negative amounts. Enter your answer in milions (e, $10,000,000 should be entered as 10),) Fi Cash flows from operating activities Adjustmonts to reconale net income to net cash ows from operating activnes Net cash flows from operating activities
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