Question
Through your analysis of the company's financial statements you have determined that during the year DRJ Enterprises disposed of (i.e., sold) fixed assets for $630
Through your analysis of the company's financial statements you have determined that during the year DRJ Enterprises disposed of (i.e., sold) fixed assets for $630 million. It also purchased new fixed assets for $2,329 million. Furthermore, the balance sheet showed that its total investment in marketable securities was $285 million at the beginning of the year and $390 million at the end of the year. What was the company's total cash flow from investment activities (in $ millions) for the year? If a net cash outflow, be certain to place a negative sign in front of your answer. (please show all steps)
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