During fiscal year 2016, Honey Bakery reported a net income of $132.4 million. Honey Bakery received $1.4 million from the sale of other businesses. Honey Bakery made capital expenditures of $10.0 million and sold property, plant, and equipment for $7.3 million. The company purchased long-term investments at a cost of $11.5 million and sold other long-term investments for $2.5 million?
Requirements
Prepare the investing activities section of Honey Bakery's statement of cash flows. Based solely on Honey Bakery's investing activities, does it appear that the company is growing or shrinking? How can you tell?