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In preparation for developing its statement of cash flows for the year just ended, D-Rose Distributors collected the following information: ($ in millions) Purchase of
In preparation for developing its statement of cash flows for the year just ended, D-Rose Distributors collected the following information: |
($ in millions) | |
Purchase of treasury bills (considered a cash equivalent) | 6.1 |
Sale of preferred stock | 150.1 |
Gain on sale of land | 4.1 |
Proceeds from sale of land | 25.1 |
Issuance of bonds payable for cash | 140.1 |
Purchase of equipment for cash | 30.1 |
Purchase of GE stock | 35.1 |
Declaration of cash dividends | 134.1 |
Payment of cash dividends declared in previous year | 130.1 |
Purchase of treasury stock | 120.1 |
Payment for the early extinguishment of | |
long-term notes (carrying (book) value: $100 million) | 110.1 |
Required: | |
1. | In D-Roses statement of cash flows, what were net cash inflows (or outflows) from investing activities? (List any cash outflow with a minus sign. Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) |
2. | In D-Roses statement of cash flows, what were net cash inflows (or outflows) from financing activities? (List any cash outflow with a minus sign. Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) |
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