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QUESTION 7 At the beginning of the year Big Lots reported cash of $28 million and by the end of the year it was $21
QUESTION 7 At the beginning of the year Big Lots reported cash of $28 million and by the end of the year it was $21 million. The company's statement of cash flows reported cash from operating activities of $72 million and cash from investing activities of $-36 million. What amount in 5 millions) did the company report for cash from financing activities? Be certain to include a negative sign in front of your answer if the amount represented a cash outflow. QUESTION 8 At the end of the year ABC Company reported net fixed assets of $65,107 million after having reported net fixed assets of $49,242 million at the end of the prior year. During the year the company sold fixed assets with a net book value of $2,649 million for $2,154 million. ABC also charged $7,476 million in depreciation expenses against its earnings. How much did ABC spend in 5 millions) to acquire fixed assets during the year? Assume that all new fixed assets were acquired for cash. Note that although your answer will represent a cash outflow for purchasing new fixed assets, you should present your result as a positive value
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