Eagle Company’s financial statements for the year ended December 31, 20X5 were as follows (in $ millions):
A. $41.B. $37.C. $29.
Using the indirect method:
Add: Net Income
$10
Add: Depreciation Expense
22
Less: Gain from Sale of Equip.
(6)
Less: Increase in Accounts Receivable
(4)
Add: Decrease in Inventory
2
Add: Increase in Accounts Payable
5
Cash flow from operations (CFO)
29
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