Top Posters
Since Sunday
t
7
m
6
k
6
F
5
j
5
t
5
j
5
G
5
f
5
a
5
d
5
c
5
Home Q & A Board Other Fields Homework Help Business Finance
New Topic  
Frost Frost
wrote...
Go to Answer
Posts: 433
Rep: 17 0
4 years ago
Use the table for the question(s) below.

AOS Industries Statement of Cash Flows for 2008

Operating activities
Net Income 3.2
Depreciation and amortization 1.4
Cash effect of changes in
​Accounts receivable 2.1
​Accounts payable                                   1.1
​Inventory0.8
Cash from operating activities 2.8

Investment activities
Capital expenditures 2.2
Acquisitions and other investing activity -0.4
Cash from investing activities 2.6

Financing activities
Dividends paid-1.5
Sale or purchase of stock 2.1
Increase in short-term borrowing 1.4
Increase in long-term borrowing3.2
Cash from financing activities 5.2
Change in Cash and Cash Equivalents 5.4


Consider the above statement of cash flows.  If all amounts shown above are in millions of dollars, what were AOS Industries' retained earnings for 2008?

▸ $1.3 million

▸ $1.7 million

▸ $5.4 million

▸ $2.1 million
Textbook 
Fundamentals of Corporate Finance

Fundamentals of Corporate Finance


Edition: 2nd
Authors:
Read 76 times
2 Replies
Replies
Answer verified by a subject expert
OmamaOmama
wrote...
#1
Posts: 343
Rep: 58 0
4 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Frost Author
wrote...
#2
4 years ago
Thank you for answering so quickly
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1015 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 271
  
 296
  
 304
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 378
Previous poll results: What's your favorite funny biology word?