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Cash flows from operating, investing, and financing activities - direct method LO 10. The following information is available from Gray Co.'s accounting records for the

Cash flows from operating, investing, and financing activities - direct method LO 10. The following information is available from Gray Co.'s accounting records for the year ended December 31, 2019 (amount in millions). image text in transcribed

Required: a. The net cash provided by operating activities for Gray Co. for the year ended December 31,2019 , is $247 million. Calculate the cash paid to suppliers and employees. (Enter your answer in millions. (i.e., 5,000,000 should be entered as 5)) b. The increase in cash for the year was $48 million. Calculate the amount of cash used to purchase buildings and equipment. Your answer to part a should be considered in your calculation. (Hint: Set up a model of the statement of cash flows to determine the net cash provided [used] by operating and investing activities, and then solve for the missing amounts.) (Enter your answer in millions. (i.e., 5,000,000 should be entered as 5) )

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