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DeliverltNow is a start-up operating in mid to large cities in the Eastern United States that coordinates food deliveries to businesses and individuals in a
DeliverltNow is a start-up operating in mid to large cities in the Eastern United States that coordinates food deliveries to businesses and individuals in a limited geographic area. Here is their Cash Flow Statement for the most recent quarter: ELIVERY FOOD THE Cash Flow Statement ($000) For 3 Months Ending June 30, 2015 Net Income $-278 Depreciation 300 Changes in Accounts Receivable -150 Changes in Inventory -200 Cash Flow (Operating Activities) ### Capital Expenditures -450 Investments $11 Cash Flow (Investing Activities) ### Dividends Paid 0 Sale/Purchase of Stock Net Borrowings 200 Cash Flow (Financing Activities) 200 Net Cash Flow ### BEST SERVICES CALCULATED VARIABLES: O = ncf = $-567 cfi = $-439 cfo = $-328 = = If DeliverltNow's Chief Financial Officer (CFO) was concerned about the company's negative cash flow and decided to sell shares of stock to make up the difference, how many shares would the company need to sell at a cost of $100 / share
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