Question
AOS Industries Statement of Cash Flows for 2008 Operating activities Net Income 3.2 Depreciation and amortization 1.4 Cash effect of changes in Accounts receivable 2.1
AOS Industries Statement of Cash Flows for 2008
Operating activities
Net Income 3.2
Depreciation and amortization 1.4
Cash effect of changes in
Accounts receivable 2.1
Accounts payable 1.1
Inventory 0.8
Cash from operating activities 8.6
Investment activities
Capital expenditures
-2.2
Acquisitions and other investing activity
-0.4
Cash from investing activities -2.6
Financing activities
Dividends paid
-1.5
Sale or purchase of stock 2.1
Increase in short-term borrowing 1.4
Increase in long-term borrowing 3.2
Cash from financing activities 5.2
Change in Cash and Cash Equivalents 11.2
Consider the above statement of cash flows. What were AOS Industries' major means of raising money in 2008?
A.
from investment activities
B.
by sale of stock
C.
from its operations
D.
by issuing debt
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