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Question 4 Following data is extracted from the financial statements of LMG, Inc. for 2018: Purchases of property and equipment $ 7,600 Purchases of marketable
Question 4 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? [1 Mark] [1 Mark] [1 Mark)
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