The following information was taken from the 2011 annual reportstatements of cash flowsof Goodrich Corporation, a major
Question:
The following information was taken from the 2011 annual report€”statements of cash flows€”of Goodrich Corporation, a major company in the aerospace and defense industry (dollars in millions).
REQUIRED:
What does this pattern of cash flows indicate about Goodrich€™s business strategy, performance, and cash balances from 2009 to 2011?
Transcribed Image Text:
Year 2009 2010 2011 Cash fronm Operations 656.5 514.3 1,180.0 Cash from Investing (561.8) (566.0) Cash from Financing 304.6 2 (164.3)
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From the data given about the Goodrich Corporation it can be surmised that Goodrich has done a ...View the full answer
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