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Thanks! The following data come from the financial statements of Riley Company for the year ended March 31, 2019 (in milions) Click the icon to
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The following data come from the financial statements of Riley Company for the year ended March 31, 2019 (in milions) Click the icon to view the information.) Requirements 1. Prepare Riley Company's cash flow statement for the year ended March 31, 2019. Not all items listed will appear on the cash flow statement 2 What is provided the largest source of cash? Is this a sign of financial strength or weakness? Requirement 1. Prepare Riey Company's cash flow statement for the year ended March 31, 2019. Not all items listed will appear on the cash flow statement. (Use parentheses or minus sign to show cash payments, cash outlow, andora net decrease in cash. If a box is not used in the statement of cash flow leave the box amply, do not select a label or enter a zero) Milion Data Table Cash flows from operating activities $ Net cash provided by used for operating active Cash flows from investing activities: 3.490 3.000 165 750 Purchases of property plant and equipment for cash Net income Adjustments to recono le net income to net cash provided by operating activities 350 Other investing cash payments Accounts receivable Payment of dividends Common stock Issuance of common stock Cash proceeds on sale of property, plant, and equipment Retained ning 4,880 185 2.380 50.000 225 1.820 Cash, beginning of year and of year Cost of goods sold 55 12.930 Net cash provided by used for investing activities Cash flows from financing activities: 37.450 Print Done Net cash provided by used for financing activities Net increase (decrease in cash Cash, beginning of the year Cash, anding of the year Requirement 2. What activities provided the largest source of cash? Is this a sign of financial strength or weakness? activities provided the largest amount of Riley's cash. This is usually a sign of financial because should be the main source of cashStep by Step Solution
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