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At the end of the year ABC Company reported net fixed assets of $65,107 million after having reported net fixed assets of $49,242 million at
At the end of the year ABC Company reported net fixed assets of $65,107 million after having reported net fixed assets of $49,242 million at the end of the prior year. During the year the company sold fixed assets with a net book value of $2,649 million for $2,154 million. ABC also charged $7,476 million in depreciation expenses against its earnings. How much did ABC spend (in $ millions) to acquire fixed assets during the year? Assume that all new fixed assets were acquired for cash. Note that although your answer will represent a cash outflow for purchasing new fixed assets, you should present your result as a positive value. Through your analysis of the company's financial statements you have determined that during the year DRJ Enterprises disposed of i.e., sold) fixed assets for $546 million. It also purchased new fixed assets for $2,298 million. Furthermore, the balance sheet showed that its total investment in marketable securities was $256 million at the beginning of the year and $391 million at the end of the year. What was the company's total cash flow from investment activities (in S millions) for the year? If a net cash outflow, be certain to place a negative sign in front of your
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