Engineering Wonders reports net income of $63 million. Included in that number is building depreciation expense of $5.3 million and a gain on the sale of land of $1.3 million. Records reveal decreases in accounts receivable, accounts payable, and inventory of $2.3 million, $3.3 million, and $4.3 million, respectively. What are Engineering Wonders' net cash flows from operating activities? (List cash outflows and any decrease in cash as negative amounts. Enter your answer in millions. (i. e., $10,000,000 should be entered as 10).)

70.3

Explanation:

The calculation of net cash flows from operating activities is shown below:-

Engineering Wonders reports

Net cash flow from operating activities

Particulars                                      Amount

Net income                                       63

Adjustment to reconcile net

income to net cash

flow from operating activities

Add: Depreciation expense              5.3

Less: Gain on sale of land                 1.3

Add: Decrease in Accounts

receivable                                           2.3

Less: Decrease in accounts

payable                                                3.3

Add: Decrease in inventory                4.3

Net cash flow from operating

activities                                               70.3

Therefore the net cash flow from operating activities is 70.3.

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1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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