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1 April, 21:05

During the last year, Globo-Chem Co. generated $1,053.00 million in cash flow from operating activities and had negative cash flow generated from investing activities (-576.00 million). At the end of the first year, Globo-Chem Co. had $180 million in cash on its balance sheet, and the firm had $280 million in cash at the end of the second year. What was the firm's cash flow (CF) due to financing activities in the second year?

a. 282.75 million

b. - 188.50 million

c. 471.25 million

d. - 377.00 million

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  1. 1 April, 22:49
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    d. - 377.00 million

    Explanation:

    The computation is shown below:

    As we know that

    Ending cash balance = Beginning cash balance + Cash flow from Operating Activities + Cash flow from Investing Activities + Cash flow from Financing Activities

    $280 million = $180 million + $1053.00 million - $576.00 million + Cash flow from Financing Activities

    So, the cash flow from operating activities is - $377 million
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