Question
Rowdy's Restaurants cash flow ($ in millions) Cash received from: Customers $ 4,650 Interest on investments 390 Sale of land 290 Sale of Rowdy's common
Rowdy's Restaurants cash flow ($ in millions) Cash received from: Customers $ 4,650 Interest on investments 390 Sale of land 290 Sale of Rowdy's common stock 980 Issuance of debt securities 3,900 Cash paid for: Interest on debt $ 490 Income tax 270 Debt principal reduction 3,400 Purchase of equipment 7,800 Purchase of inventory 2,900 Dividends on common stock 770 Operating expenses 880 Rowdy's would report net cash inflows (outflows) from investing activities in the amount of:
Rowdy's Restaurants cash flow ($ in millions)
Cash received from: | |||
Customers | $ | 2,700 | |
Interest on investments | 260 | ||
Sale of land | 160 | ||
Sale of Rowdy's common stock | 720 | ||
Issuance of debt securities | 2,600 | ||
Cash paid for: | |||
Interest on debt | $ | 360 | |
Income tax | 140 | ||
Debt principal reduction | 2,100 | ||
Purchase of equipment | 5,200 | ||
Purchase of inventory | 1,600 | ||
Dividends on common stock | 380 | ||
Operating expenses | 620 | ||
Rowdy's would report net cash inflows (outflows) from financing activities in the amount of:
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started