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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Survey Of Accounting

ISBN: 9780357132593

9th Edition

Authors: Carl S. Warren, Amanda Farmer

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