Question

During the year, cash increased by $360 million. Investing and financing activities created positive cash flow totaling $600 million. What were net cash flows from operating activities in the statement of cash flows

Answer 1

Answer:

-$240 million

Explanation:

The computation of the net cash flows from operating activities is as follows:

As we know that

Net cash flows from operating activities + net cash flows from financing and investing activities = Net Increase in cash for the year

Net cash flows from operating activities + $600 million = $360 million

So, the net cash flows from operating activities is

= -$240 million