Question: Use the following data (in thousands) for Barnes & Noble, Inc. for the year ending February 2, 2008, to answer the questions below: Retained earnings,
Use the following data (in thousands) for Barnes & Noble, Inc. for the year ending February 2, 2008, to answer the questions below:
Retained earnings, February 3, 2007 $ 600,404
Retained earnings, February 2, 2008 696,861
Net cash flows from operating activities 434,680
Net increase in cash 12,280
Net cash flows used for financing activities (241,837)
a. Determine the amount of earnings retained in Barnes & Noble for the year ended February 2, 2008.
b. Determine the net cash flows used for investing activities for the year ended February 2, 2008.
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