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a.) b.) Creative Sound Systems sold investments, land, and its own common stock for $36.0 million, $14.4 million, and $38.8 million, respectively. Creative Sound Systems
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Creative Sound Systems sold investments, land, and its own common stock for $36.0 million, $14.4 million, and $38.8 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $20.4 million, \$24.4 million, and $11.4 million, respectively. What amount should Creative Sound Systems report as net cash flows from financing activities? (List cash outflows and any decrease in cash as negative amounts. Round your answers to 1 decimal place. Enter your answers in millions (i.e., $10,100,000 should be entered as 10.1). The balance sheet of Cranium Gaming reports total assets of $300,00 and $600,000 at the beginning and end of the year, respectively. Sales revenues are $2.10 million, net income is $55,000, and operating cash flows are $50,000. Calculate the cash return on assets, cash flow to sales, and asset turnover for Cranium Gaming. (Enter your answers in dollars, not millions (i.e., $10.1 million should be entered as 10,100,000).)Step by Step Solution
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