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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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