During fiscal year 2017, Donuts 'R' Us Inc. reported net loss of $135.8 million. Donuts received $1.0
Question:
During fiscal year 2017, Donuts 'R' Us Inc. reported net loss of $135.8 million. Donuts received $1.0 million from the sale of other businesses. Donuts made capital expenditures of $10.4 million and sold property, plant, and equipment for $7.3 million. The company purchased long-term investments at a cost of $12.2 million and sold other long-term investments for $2.5 million.
Requirement
Prepare the investing activities section of the Donuts 'R' Us statement of cash flows. Based solely on Donuts's investing activities, does it appear that the company is growing or shrinking? How can you tell?
Step by Step Answer:
Financial Accounting
ISBN: 978-0134564142
6th Canadian edition
Authors: Walter Jr. Harrison, Charles T. Horngren, C. William Thomas, Greg Berberich, Catherine Seguin