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Calculate 2018 cash from financing activities for Grove Analytics. Hint: Remember to capture dividends. Also, remember that stock based compensation expense is a credit to
Calculate 2018 cash from financing activities for Grove Analytics. Hint: Remember to capture dividends. Also, remember that stock based compensation expense is a credit to common stock & APIC.
Below is income statement and balance sheet data for Grove Analytics. ($ in millions) Income statement 12/31/2018 Revenue 230 Operating expenses Depreciation Stock based compensation Operating profit Interest expense Taxes Net income Balance sheet 12/31/2017 50 12/31/2018 Not provided Cash Accounts receivable Inventory PP&E Total assets Accounts payable Short term debt Long term debt Treasury stock Common stock & APIC Retained earnings Total liabilities & equityStep by Step Solution
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