(Learning Objective 4: Preparing a statement of cash fl ows) The following data come from the fi...

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(Learning Objective 4: Preparing a statement of cash fl ows) The following data come from the fi nancial statements of the Water Sport Company for the year ended May 31, 20X7 (in millions):..

❙ Requirements 1 Prepare a cash fl ow statement for the year ended May 31, 20X7. Not all items given appear on the cash fl ow statement.
2 What activities provided the largest source amount of cash? Is this a sign of fi nancial strength or weakness?

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