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Selected information (in millions) for two close competitors, Manulife Financial Corporation and Great-West Life Assurance Company, follows for the year ended December 31, 2017: Manulife
Selected information (in millions) for two close competitors, Manulife Financial Corporation and Great-West Life Assurance Company, follows for the year ended December 31, 2017: Manulife Great-West Life Profit $2,262 $2,739 Cash provided by operating activities 17,791 5,638 Cash used by investing activities (16,287) (3,984) Cash provided (used) by financing activities (1,529) Cash and cash equivalents.end of period 15,098 2,634 Dividends paid (1,780 (1,640 Calculate the free cash flow for each company. (Enter amounts in millions. Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg (15,000).) Manulife Great-West Life $ Which company appears to be in a stronger financial position? appears to be in the stronger financial position
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