Paige's Properties Inc. reported 2018 net income of $5 million and depreciation of $1,500,000. Paige's Properties, Inc.'s 2017 and 2018 balance sheets are listed as follows (in millions of dollars).
$$\begin{array}{l}
\begin{array} { l l l l l l }
\text {Maturity }&2017&2018&\text {current liabilities}&2017&2018\
\text {cash and marketable securities}&\$10&\$20&\text {accured wages and taxes}&\$5&\$11\
\text {accounts receivable }&20&34&\text {accounts payable}&25&29\
\text {inventory}&10&11&\text {notes payable}&10&25\
\text {total }&\$40&\$65&\text {total}&\$40&\$65\
\end{array}
\end{array}$$
What is the 2018 net cash flow from operating activities for Paige's Properties, Inc.?

Question

Paige's Properties Inc. reported 2018 net income of $5 million and depreciation of $1,500,000. Paige's Properties, Inc.'s 2017 and 2018 balance sheets are listed as follows (in millions of dollars).
$$\begin{array}{l}
\begin{array} { l l l l l l  } 
\text {Maturity }&2017&2018&\text {current liabilities}&2017&2018\
\text {cash and marketable securities}&\$10&\$20&\text {accured wages and taxes}&\$5&\$11\
\text {accounts receivable }&20&34&\text {accounts payable}&25&29\
\text {inventory}&10&11&\text {notes payable}&10&25\
\text {total }&\$40&\$65&\text {total}&\$40&\$65\
\end{array}
\end{array}$$
What is the 2018 net cash flow from operating activities for Paige's Properties, Inc.?

Quizplus · Accepted Answer

The Answer of Paige's Properties Inc. reported 2018 net income of $5 million and depreciation of $1,500,000. Paige's Properties, Inc.'s 2017 and 2018 balance sheets are listed as follows (in millions of dollars).
$$\begin{array}{l}
\begin{array} { l l l l l l  } 
\text {Maturity }&2017&2018&\text {current liabilities}&2017&2018\
\text {cash and marketable securities}&\$10&\$20&\text {accured wages and taxes}&\$5&\$11\
\text {accounts receivable }&20&34&\text {accounts payable}&25&29\
\text {inventory}&10&11&\text {notes payable}&10&25\
\text {total }&\$40&\$65&\text {total}&\$40&\$65\
\end{array}
\end{array}$$
What is the 2018 net cash flow from operating activities for Paige's Properties, Inc.?

Paige's Properties Inc What Is the 2018 Net Cash Flow from Operating Activities