During the year KRJ Corporation reported net income of $68 million and cash collected from customers...

 

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During the year KRJ Corporation reported net income of $68 million and cash collected from customers of $162 million. It also reported cash paid for inventory of $58 million, cash paid for operating expenses of $40 million, cash paid for interest of $11 million, and cash paid for taxes of $16 million. Based on the direct method, what was the company's net cash flow from operating activities (in $ millions) for the year? If net cash flows from operating activities is negative, be certain to place a negative sign in front of your answer. During the year KRJ Corporation reported net income of $68 million and cash collected from customers of $162 million. It also reported cash paid for inventory of $58 million, cash paid for operating expenses of $40 million, cash paid for interest of $11 million, and cash paid for taxes of $16 million. Based on the direct method, what was the company's net cash flow from operating activities (in $ millions) for the year? If net cash flows from operating activities is negative, be certain to place a negative sign in front of your answer.

Answer rating: 100% (QA)

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