True Blue Company increased its investments in marketable securities by $323,370 and paid $1,220,231 for new fixed
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True Blue Company increased its investments in marketable securities by $323,370 and paid $1,220,231 for new fixed assets during 2017. The company also repaid $779,200 of existing long-term debt while raising $913,455 of new debt capital. In addition, True Blue had a net cash inflow of $345,002 from the sale of fixed assets, and repurchased stock in the open markets for a total of $56,001. What is the net cash used in long-term investing activities by True Blue? What is the net cash provided by the company’s financing activities?
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Fundamentals of Corporate Finance
ISBN: 978-1119371403
4th edition
Authors: Robert Parrino, David S. Kidwell, Thomas Bates
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