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

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