(in thousands)	Fraser			Singh			Travis
Cash inflow (outflow) from operating activities	$	61,000		$	53,000		$	(27,800)
Cash inflow (outflow) from investing activities:
Proceeds from sale of plant and equipment								25,800
Purchase of plant and equipment		(31,000)			(31,000)
Cash inflow (outflow) from financing activities:
Proceeds from issuance of debt								23,400
Repayment of debt		(6,200)
Net increase (decrease) in cash		23,800			22,000			21,400
Average assets		637,000			517,000			317,000

Required:
Which of the three competing corporations is in the strongest relative position as indicated by their comparative statements of cash flows?

	Fraser
	Singh
	Travis

Answer rating: 100% (QA)

To determine which of the three competing corporations is in the strongest relative position based o... View the full answer