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Below are summary cash flow statements for three roughly equal-sized companies. ($ millions) A B C Net cash flows from operating activities (316 ) (316
Below are summary cash flow statements for three roughly equal-sized companies.
($ millions) | ||||||
A | B | C | ||||
Net cash flows from operating activities | (316 | ) | (316 | ) | 332 | |
Net cash used in investing activities | (916 | ) | (46 | ) | (106 | ) |
Net cash from financing activities | 1,360 | 242 | (256 | ) | ||
Cash balance at beginning of year | 166 | 166 | 166 | |||
a. Calculate each companys cash balance at the end of the year. (Enter your answers in millions.)
Net cash flows from operating activities | (316 | ) | (316 | ) | 332 | |
Net cash used in investing activities | (916 | ) | (46 | ) | (106 | ) |
Net cash from financing activities | 1,360 | 242 | (256 | ) | ||
Cash balance at beginning of year | 166 | 166 | 166 | |||
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