Paige's Properties Inc. reported 2013 net income of $5 million and depreciation of $1,500,000. The top part Paige's Properties, Inc.'s 2012 and 2013 balance sheets is listed as follows (in millions of dollars). $$\begin{array} { l r r l r r }
\text { Current assets } & 2012 & 2013 & \text { Current liabilities } & 2012 & 2013 \
\text { Cash and marketable } & & & \text { Accrued wages and } & & \
\text { securities } & \$ 10 & \$ 20 & \text { taxes } & \$ 5 & \$ 11 \
\text { Accounts receivable } & 20 & 34 & \text { Accounts payable } & 25 & 29 \
\text { Inventory } & \underline { 10 } & 11 & \text { Notes payable } & \underline { 10 } & 25 \
\text { Total } & \$ 40 & \$ 65 & \text { Total } & \$ 40 & \$ 65
\end{array}$$ What is the 2013 net cash flow from operating activities for Paige's Properties, Inc.?

Question

Paige's Properties Inc. reported 2013 net income of $5 million and depreciation of $1,500,000. The top part Paige's Properties, Inc.'s 2012 and 2013 balance sheets is listed as follows (in millions of dollars). $$\begin{array} { l r r l r r } 
\text { Current assets } & 2012 & 2013 & \text { Current liabilities } & 2012 & 2013 \
\text { Cash and marketable } & & & \text { Accrued wages and } & & \
\text { securities } & \$ 10 & \$ 20 & \text { taxes } & \$ 5 & \$ 11 \
\text { Accounts receivable } & 20 & 34 & \text { Accounts payable } & 25 & 29 \
\text { Inventory } & \underline { 10 } & 11 & \text { Notes payable } & \underline { 10 } & 25 \
\text { Total } & \$ 40 & \$ 65 & \text { Total } & \$ 40 & \$ 65
\end{array}$$ What is the 2013 net cash flow from operating activities for Paige's Properties, Inc.?

Quizplus · Accepted Answer

The Answer of Paige's Properties Inc. reported 2013 net income of $5 million and depreciation of $1,500,000. The top part Paige's Properties, Inc.'s 2012 and 2013 balance sheets is listed as follows (in millions of dollars). $$\begin{array} { l r r l r r } 
\text { Current assets } & 2012 & 2013 & \text { Current liabilities } & 2012 & 2013 \
\text { Cash and marketable } & & & \text { Accrued wages and } & & \
\text { securities } & \$ 10 & \$ 20 & \text { taxes } & \$ 5 & \$ 11 \
\text { Accounts receivable } & 20 & 34 & \text { Accounts payable } & 25 & 29 \
\text { Inventory } & \underline { 10 } & 11 & \text { Notes payable } & \underline { 10 } & 25 \
\text { Total } & \$ 40 & \$ 65 & \text { Total } & \$ 40 & \$ 65
\end{array}$$ What is the 2013 net cash flow from operating activities for Paige's Properties, Inc.?

Paige's Properties Inc What Is the 2013 Net Cash Flow from Operating Activities