Question: Problem 1-12 Below are summary cash flow statements for three roughly equal-sized companies. A ($ millions) B ($ millions) C ($ millions) Net cash flows

Problem 1-12

Below are summary cash flow statements for three roughly equal-sized companies.

A ($ millions) B ($ millions) C ($ millions)
Net cash flows from operating activities (311) (311) 322
Net cash used in investing activities (911) (41) (101)
Net cash from financing activities 1,310 232 (251)
Cash balance at beginning of year 161 161 161

a. Calculate each companys cash balance at the end of the year.

Note: Enter your answers in millions.

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