Sunset Acres reported net income of $60 million. Included in that number were trademark amortization expense of $2 million and a

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3 years ago

14

Sunset Acres reported net income of $60 million. Included in that number were trademark amortization expense of $2 million and a

gain on the sale of land of $1 million. Records reveal decreases in accounts receivable, accounts payable, and inventory of $2 million, $5 million, and $4 million, respectively. What were Sunset’s cash flows from operating activities? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

Business