Statement of Cash Flows Paige's Properties Incorporated reported 2022 net income of $2.60 million and depreciation of $266,000. Paige's Properties, Incorporated's 2021 and 2022 balance sheets are listed below (in millions of dollars). Current assets 2021 2022 Current liabilities 2021 2022 Cash and marketable securities $ 4.60 $ 2.80 Accrued wages and taxes $ 1.16 $ 1.16 Accounts receivable 4.80 6.60 Accounts payable 3.16 4.80 Inventory 7.60 5.80 Notes payable 12.68 9.24 Total $ 17.00 $ 15.20 Total $ 17.00 $ 15.20 What is the 2022 net cash flow from operating activities for Paige's Properties, Incorporated?

Answer rating: 100% (QA)

Net cash flow from operating activities can be calculated using the indirect meth... View the full answer