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..................$25,503
Retained earnings, end of year...........................26,503
Net cash flows from operating activities................14,336
Net increase in cash..........................................3,947
Net cash flows from financing activates..................8,658
a. Determine the amount of earnings retained in Oracle for the year, assuming no dividends were paid during the year.
b. Determine the net cash flows used for investing activities for the year.
CorporationA Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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