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The below tables shows Dynamic Mattresss year-end 2016 and 2018 balance sheets, and its income statement for 2017. Dynamic Mattress Year-End Balance Sheet for 2016

The below tables shows Dynamic Mattresss year-end 2016 and 2018 balance sheets, and its income statement for 2017.

Dynamic Mattress Year-End Balance Sheet for 2016 (figures in $ millions)
Assets Liabilities and Shareholders Equity
Current Assets: Current Liabilities:
Cash $ 48 Bank loans $ 48
Marketable securities 24 Accounts payable 145
Accounts receivable 124
Inventory 220
Total current assets $ 416 Total current liabilities $ 193
Fixed assets:
Gross investment $ 264 Long-term debt 39
Less depreciation 84 Net worth (equity and retained earnings) 364
Net fixed assets $ 180
Total assets $ 596 Total liabilities and net worth $ 596

Dynamic Mattress Year-End Balance Sheet for 2017 (figures in $ millions)
Assets Liabilities and Shareholders Equity
Current Assets: Current Liabilities:
Cash $ 188.0 Debt due within a year (bank loans) $ 67.0
Marketable securities 0.0 Accounts payable 194.0
Accounts receivable 152.0
Inventory 267.0
Total current assets $ 607.0 Total current liabilities $ 261.0
Fixed assets:
Gross investment $ 373.0 Long-term debt 88.0
Less depreciation 90.5 Net worth (equity and retained earnings) 540.5
Net fixed assets $ 282.5
Total assets $ 889.5 Total liabilities and owners equity $ 889.5

Dynamic Mattress Income Statement for 2017 (figures in $ millions)
Sales $ 1,514.0
Operating costs 1,422.5
$ 91.5
Depreciation 20.5
EBIT $ 71.0
Interest 19.0
Pretax income $ 52.0
Tax at 50% 26.0
Net income $ 26.0

Notes: Dividend = $100 million and reinvested earnings = $80 million.

Use the tables above to work out the statement of cash flows for 2017. (Enter your answers in millions of dollars rounded to 1 decimal place.)

Answer is complete but not entirely correct.

Dynamic Mattress
(figures in $ millions)
Sources of cash:
Sold marketable securities $24.0selected answer correct
Increased bank loans 19.0selected answer correct
Increased accounts payable 49.0selected answer correct
Increased long-term debt 49.0selected answer correct
Net income 26.0selected answer correct
Issue of stock 250.5selected answer incorrect
Depreciation 20.5selected answer correct
Total sources $438.0
Uses of cash:
Increased inventories $47.0selected answer correct
Increased accounts receivable 28.0selected answer correct
Invested in fixed assets 123.0selected answer incorrect
Dividend 100.0selected answer correct
Total uses $298.0
Increase in cash balance $(140)

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