In the year ended June 30, 2011, TriKing Company increased its investment in marketable securities by $234,375,

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In the year ended June 30, 2011, TriKing Company increased its investment in marketable securities by $234,375, made fixed-assets acquisitions totaling $1,324,766, and sold $77,215 of long-term debt. In addition, the firm had a net inflow of $365,778 from selling assets. What is the net cash used in long-term investing activities?

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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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