Question
Laker Company has provided the following information for its most recent year of operation: Cash collected from customers totaled $99,300 Cash borrowed from banks totaled
Laker Company has provided the following information for its most recent year of operation: Cash collected from customers totaled $99,300 Cash borrowed from banks totaled $42,700 Cash paid to employees totaled $23,300 Cash paid for interest expense totaled $3,100 Cash received from selling an investment in Husky stock totaled $73,000 Cash payments to banks for repayment of money borrowed totaled $9,700. (principal only) Cash paid for operating expenses totaled 11,200 Land costing $75,000 was sold for & $75,000 cash Cash paid for dividend payments to stockholders totaled $7,700 a. calculate Laker's net cash flow for financing activities, b. calculate Laker's net cash flow from investing activities
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