Question
Crane Company increased its investments in marketable securities by $320,370 and paid $1,223,231 for new fixed assets during 2017. The company also repaid $781,200 of
Crane Company increased its investments in marketable securities by $320,370 and paid $1,223,231 for new fixed assets during 2017. The company also repaid $781,200 of existing long-term debt while raising $913,495 of new debt capital. In addition, Crane had a net cash inflow of $350,002 from the sale of fixed assets, and repurchased stock in the open markets for a total of $61,001. What is the net cash used in long term investing activities by Crane? What is the net cash provided by the companys financing activities? (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
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