Statement of Cash Flows Paige's Properties Inc. reported 2018 net income of $2.50 million and...
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Statement of Cash Flows Paige's Properties Inc. reported 2018 net income of $2.50 million and depreciation of $265,000. Paige's Properties, Inc.'s 2017 and 2018 balance sheets are listed below (in millions of dollars). Current assets Cash and marketable securities Accounts receivable Inventory Total 2017 2018 $ 4.50 $ 2.75 4.75 6.50 7.50 5.75 Current liabilities Accrued wages and taxes Accounts payable Notes payable Total 2017 2018 $ 1.15 $ 1.15 3.15 4.75 12.45 9.10 $16.75 $15.00 $16.75 $15.00 What is the 2018 net cash flow from operating activities for Paige's Properties, Inc.? What is the 2018 net cash flow from operating activities for Paige's Properties, Inc.? Multiple Choice $4,365,000 $2,500,000 $1,865,000 -$1,750,000
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