Excerpts of statements of cash flows reported by Kraft Foods, Kelloggs, and General Mills, three companies in the food industry, are provided in the following table (dollars in millions): For each company compute the missing dollar amount, and briefly describe the company's cash management policy. Net Change in Cash $(393) Cash from Investments Cash from Cash from Company Operations Financing
Chapter 14, Exercises #4
Excerpts of statements of cash flows reported by Kraft Foods, Kellogg€™s, and General Mills, three companies in the food industry, are provided in the following table (dollars in millions):
For each company compute the missing dollar amount, and briefly describe the company's cash management policy.
For each company compute the missing dollar amount, and briefly describe the company's cash management policy.
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Answer
Kraft Foods Cash outflow from Investments ($535), calculated as follows: [$2,020 + X …View the full answer
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