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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 (311 ) (311
Below are summary cash flow statements for three roughly equal-sized companies.
($ millions) | ||||||
A | B | C | ||||
Net cash flows from operating activities | (311 | ) | (311 | ) | 322 | |
Net cash used in investing activities | (911 | ) | (41 | ) | (101 | ) |
Net cash from financing activities | 1,310 | 232 | (251 | ) | ||
Cash balance at beginning of year | 161 | 161 | 161 | |||
a. Calculate each companys cash balance at the end of the year. (Enter your answers in millions.)
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