Question
XYZ Corporation reported the following information for the current year: (1) Net income is $216 million. (2) Acquisitions were $34 million. (3) Customer accounts receivable
XYZ Corporation reported the following information for the current year:
(1) Net income is $216 million. (2) Acquisitions were $34 million. (3) Customer accounts receivable increased by $14 million. (4) Dividends paid to common shareholders were $10 million. (5) Depreciation expense was $43 million. (6) Income tax payable decreased by $13 million. (7) Long-term debt increased by $30 million. (8) Accounts payable decreased by $8 million. (9) Inventories increased by $19 million.
Required: Based on the above information, calculate the following items:
a. Cash flow from operating activities.
b. Cash flow from investing activities.
c. Cash flow from financing activities.
d. The increase or decrease in the cash balance.
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