Question
7. South Sea Baubles, Inc. has the following highlights from its balance sheet and income statements for FY 2013 and 2014. Balance Sheet as of
7. South Sea Baubles, Inc. has the following highlights from its balance sheet and income statements for FY 2013 and 2014.
Balance Sheet as of End of Fiscal Year
(Figures in Millions of USD)
| 2013 | 2014 |
Assets |
|
|
Cash & Mkt. Securities | 40 | 65 |
Other Current Assets | 50 | 75 |
Net Fixed Assets | 800 | 900 |
|
|
|
Liabilities |
|
|
Current Liabilities | 50 | 60 |
Long-Term Debt | 600 | 700 |
Income Statement for Fiscal Year 2014
(Figures in Millions of USD)
Revenue | 1,950 |
Cost of Goods Sold | 1,030 |
Depreciation | 350 |
Interest Expense | 240 |
Assume South Sea Baubles, Inc. (the company in the prior question) neither issued nor retired any shares in 2014 and that its current portion of long-term debt remained unchanged in 2014 relative to the prior year. Construct SSBs cash flow statement and answer the following:
What were SSBs net cash flows from operations for 2014?
What were SSMs net cash flows from investment activities in 2014?
What were SSBs net cash flows from financing activities in 2014?
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