Question: Use the following data (in millions) for Dell, Inc., for the year ending January 28, 2011, to answer the questions below: Retained earnings, January 29,
Use the following data (in millions) for Dell, Inc., for the year ending January 28, 2011, to answer the questions below:
Retained earnings, January 29, 2010 .. $22,110
Retained earnings, January 28, 2011 ... 24,744
Net cash flows from operating activities . 3,969
Net increase in cash .......... 3,278
Net cash flows provided by financing activities 474
a. Determine the amount of earnings retained in Dell for the year ended January 28, 2011.
b. Determine the net cash flows used for investing activities for the year ended January 28, 2011.
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