Question
Three categories of activities (operating, investing, and financing) generate or use the cash flow in a company. In the following table, identify which type of
Three categories of activities (operating, investing, and financing) generate or use the cash flow in a company. In the following table, identify which type of activity is described by each statement. Operating Activity Investing Activity Financing Activity A company records a loss of $70,000 on the sale of its outdated inventory. DigiInk Printing Co. buys new machinery to ramp up its production capacity. Ruth Enterprises distributes a holiday bonus to all its employees. The Yum chain of restaurants conducts an initial public offering to raise funds for expansion. Exeter Enterprise Inc. reported net sales of $250 million last year and generated a net income of $55.00 million. Last years accounts receivable increased by $35 million. What is the maximum amount of cash that Exeter Enterprise Inc. received from sales last year? $215.00 million $161.25 million $107.50 million $90.00 million
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