Question: please help! Brief Exercise 11-7 Calculate operating activities-indirect method (LO11-3) Engineering Wonders reports net income of $64.0 million. Included in that number is building depreciation
Brief Exercise 11-7 Calculate operating activities-indirect method (LO11-3) Engineering Wonders reports net income of $64.0 million. Included in that number is building depreciation expense of $5.4 million and a gain on the sale of land of $1.4 million. Records reveal decreases in accounts receivable, accounts payable, and inventory of $2.4 million, $3.4 million, and $4.4 million, respectively. What are Engineering Wonders' net cash flows from operating activities? (List cash outflows and any decrease in cash as negative amounts. Round your answers to 1 decimal place. Enter your answers in millions (i.e., $10,100,000 should be entered as 10.1 ).)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
