Mississauga Mining Co. made a net income of $25 million in 2020, after the deduction of amortization expense of $8 million, interest of $5 million and taxes of $10 million. During 2020, it sold mining equipment for $2 million and bought a new computer system for $3 million. During 2020, it issued new shares for $15 million and used the proceeds to repay loans of $10 million; the remainder went into the bank’s current account. Calculate what will the change in cash  in ($ million).

Answer rating: 100% (QA)

To calculate the change in cash we need to analyze the companys cash flows d... View the full answer