Question
Following data is extracted from the financial statements of LMG, Inc. for 2018: Purchases of property and equipment $ 7,600 Purchases of marketable securities $
Following data is extracted from the financial statements of LMG, Inc. for 2018:
Purchases of property and equipment $ 7,600
Purchases of marketable securities $ 18,750
Sales of marketable securities $ 9,250
Maturities of marketable securities $ 1,975
Acquisitions of businesses $1200
Deferred revenue $740
Prepaid expenses and other current assets $980
Taxes paid related to net equity share settlement awards $3,835
Principal payments on financing obligations $825
Repurchases of Class A common stock $2,330
Calculate the following for LMG Inc.:
a) The net cash flows from investing activities in 2018?
b) The net cash flows from financing activities in 2018?
c) The net change in cash and cash equivalents, if the net cash flow from operating activities in 2018 is $ 15,620?
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