Question: During fiscal year 2014 Creative Cupcakes reported a net income

During fiscal year 2014, Creative Cupcakes reported a net income of $112.4 million. Creative Cupcakes received $1.9 million from the sale of other businesses. Creative Cupcakes made capital expenditures of $8.5 million and sold property, plant, and equipment for $5.8 million. The company purchased long-term investments at a cost of $12.1 million and sold other long-term investments for $4.3 million.

1. Prepare the investing activities section of Creative Cupcakes’ statement of cash flows. Based solely on Creative Cupcakes’ investing activities, does it appear that the company is growing or shrinking? How can you tell?

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  • CreatedJuly 25, 2014
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