Sanders Awnings reported net income of $84.5 million. Included in that number were depreciation expense...
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Sanders Awnings reported net income of $84.5 million. Included in that number were depreciation expense of $1.8 million and a loss on the sale of equipment of $3.3 million. Records reveal increases in accounts receivable, accounts payable, and inventory of $2.8 million, $3.8 million, and $2.8 million, respectively. Required: What were Sanders cash flows from operating activities? Note: Cash outflows should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).
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