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LuLu Islands Incorporated reports a beginning cash balance of $16 million. LuLu also reports cash inflows of $32 million from operating activities, $5 million from
LuLu Islands Incorporated reports a beginning cash balance of $16 million. LuLu also reports cash inflows of $32 million from operating activities, \$5 million from financing activities, and a cash outflow of \$12 million from investing activities. Required: Calculate the ending cash balance of LuLu Islands. Note: Enter your answers in millions
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Daniel G. Short
3rd Edition
0072458836, 978-0072458831
