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Carter Containers sold marketable equity securities, land, and common stock for $35.5 million, $8.5 million, and $40.0 million, respectively. Carter also purchased treasury stock, equipment,
Carter Containers sold marketable equity securities, land, and common stock for $35.5 million, $8.5 million, and $40.0 million, respectively. Carter also purchased treasury stock, equipment, and a patent for $25.5 million, $17.5 million, and $8.8 million, respectively. Required: What amount should Carter report as net cash from financing activities? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).)
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