Analyzing Storage Technology Corporation Looking at Storage Technologys Consolidated Statement of Cash Flows shown in Exhibit 39,
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Analyzing Storage Technology Corporation Looking at Storage Technology’s Consolidated Statement of Cash Flows shown in Exhibit 3—9, did the company improve its liquidity during the latest year reported? Explain. Does the company seem to generate sufficient cash from its operations to remain solvent, or does it need to borrow extensively?
What was the company’s major use of cash in 1998? Why might the company choose this course of action?
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Related Book For 
Financial Accounting A Decision Making Approach
ISBN: 9780471328230
2nd Edition
Authors: Thomas E. King, Valdean C. Lembke, John H. Smith
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