Question: Presented here are cash flows (in $ Millions) for Valley Mills Enterprises' most recent fiscal year. Cash received from: Customers $2,400 Interest on investments
Presented here are cash flows (in $ Millions) for Valley Mills Enterprises' most recent fiscal year. Cash received from: Customers $2,400 Interest on investments 310 Sale of old equipment 280 Sale of company's capital stock 800 Long-term debt proceeds 1,400 Cash paid for: Interest on debt $300 Income tax 110 Principal payments on debt 1,000 Purchase of building 4,000 Purchase of inventory 1,700 Dividends on capital stock 300 Operating expenses 725 Net cash flows provided (used) by financing activities are A. $900 B. $(300) C. $990 O D. $1,410
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