Given the following selected information on McMillen’s Chocolate, Inc., calculate Cash Flow from Operating Activities for 2012. Show your work.
Given the following selected information on McMillen’s Chocolate, Inc., calculate Cash Flow from Operating Activities for 2012. Show your work.
| 2011 | 2012 | |
| EAT | $ 600,000 | $ 750,000 |
| Depreciation Exp. | 100,000 | 150,000 |
| Dividends | 400,000 | 550,000 |
| Accounts Receivable | 1,500,000 | 2,000,000 |
| Inventory | 3,500,000 | 2,000,000 |
| Accts. Payable/Accr. | 350,000 | 500,000 |
| Long-Term Debt | 2,300,000 | 3,000,000 |
| Common Stock | 2,200,000 | 2,500,000 |
| Retained Earnings | 6,150,000 | 6,350,000 |
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