Use the following data (in millions) for Oracle Corporation (ORCL), for a recent year to answer the
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Use the following data (in millions) for Oracle Corporation (ORCL), for a recent year to answer the questions below:
Retained earnings, beginning of year ................................ $27,598
Retained earnings, end of year ........................................... 18,412
Net cash flows from operating activities ........................... 15,386
Net decrease in cash ............................................................ (164)
Net cash flows from financing activities ............................. (9,982)
a. Determine Oracle’s net loss for the year, assuming no dividends were paid during the year.
b. Determine the net cash flows used for investing activities for the year.
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