Problem
Given the following selected information on Cicalese,s Chocolate , Inc., calculate cash flow from operating activities for the year 20X1.
Dec 31, 20x0 Dec 31, 20x1
EAT $600,000 $780,000
Depreciation exp. $100,000 $120,000
Dividends $400,000 $550,000
Accounts Receivable $1,500,000 $2,000,000
Inventory $3,500,000 $2,000,000
Accts Payable and accruals $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