Question
The Statement of Cash Flow (a) The following cash flow information was taken from The Johnson & Johnson Company (J&J) annual report. Compute the
The Statement of Cash Flow (a) The following cash flow information was taken from The Johnson & Johnson Company (J&J) annual report. Compute the missing values in the table (amounts are in millions). Note: Use a negative sign with your answer, as needed. Year 3 Cash, beginning balance $108,156 $ Cash flow from operating activities 142,524 Cash flow from investing activities (3,348) Cash flow from financing activities Cash, ending balance 0 Year 2 192,660 x 0 (28,164) (61,776) Year 1 $38,052 127,140 0 (46,356) $192,660 $ 0 $64,524 (b) Based on this data, how does J&J finance its ongoing operations and asset purchases?
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