Question: Brief Exercise 11-6 (Algo) Calculate operating activities-indirect method (LO11-3) H-Tech, Incorporated, reports net income of $510 million. Included in that number are depreciation expense of
Brief Exercise 11-6 (Algo) Calculate operating activities-indirect method (LO11-3) H-Tech, Incorporated, reports net income of $510 million. Included in that number are depreciation expense of $41 million and a loss on the sale of equipment of $19 million Records reveal increases in accounts receivabie, accounts payable, and inventory of $11 milion, $21 milion, and $31 million, respectively. Prepare the operating activities section of Hi-Tech's statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with o minus sign. Round your answers to 1 decimal place. Enter your answers in millions (i.e., $10,100,000 should be entered os 10.1)
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