Given the following selected information on McMillen’s
Chocolate, Inc., calculate Cash Flow from Operating Activities for
2017.
| 2016 | 2017 | ||
| EAT | $ 600,000 | 800,000 | |
| Depreciation Exp. | 100,000 | 120,000 | |
| Dividends | 400,000 | 550,000 | |
| Accounts Receivable | 1,500,000 | 1,000,000 | |
| Inventory | 3,500,000 | 4,100,000 | |
| Accts. Payable | 350,000 | 350,000 | |
| Accruals | 250,000 | 200,000 | |
| Long-Term Debt | 2,300,000 | 2,000,000 | |
| Common Stock | 2,200,000 | 3,000,000 | |
| Interest expenses | 50,000 | 60,000 | |
| Retained Earnings | 6,150,000 | 6,400,000 |
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