Financing activities Dividends paid Sale or purchase of stock Increase in short - term borrowing Increase in long- term borrowing Cash from financing activities Change in Cash and Cash Equivalents - 1.5 2.1 1.4 3.2 5.2 5.80 Consider the above statement of cash flows. If all amounts shown above are in millions of dollars, what were AOS Industries' retained earnings for 2008? O A. $1.90 million OB. $4.90 million O C. $2.70 million O D. $3.80 million
Financing activities Dividends paid Sale or purchase of stock Increase in short - term borrowing Increase in long- term borrowing Cash from financing activities Change in Cash and Cash Equivalents - 1.5 2.1 1.4 3.2 5.2 5.80 Consider the above statement of cash flows. If all amounts shown above are in millions of dollars, what were AOS Industries' retained earnings for 2008? O A. $1.90 million OB. $4.90 million O C. $2.70 million O D. $3.80 million
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:AOS Industries Statement of Cash Flows for 2008
Operating activities
Net Income
3.4
Depreciation and amortization
Cash effect of changes in
1.2
Accounts receivable
1.8
Accounts payable
Inventory
Cash from operating activities
0.9
0.5
3.2
Investment activities
Capital expenditures
Acquisitions and other investing activity -0.4
Cash from investing activities
- 2.2
- 2.6
|
O A. $1.90 million
B. $4.90 million
OC. $2.70 million
D. $3.80 million
Transcribed Image Text:Financing activities
Dividends paid
Sale or purchase of stock
Increase in short - term borrowing
Increase in long - term borrowing
Cash from financing activities
Change in Cash and Cash Equivalents
- 1.5
2.1
1.4
3.2
5.2
5.80
Consider the above statement of cash flows. If all amounts shown above are in millions of dollars, what were AOS Industries' retained earnings for 2008?
O A. $1.90 million
B. $4.90 million
O C. $2.70 million
O D. $3.80 million
Expert Solution
Step 1
Retained earnings refers to an accumulated amount of profit which is held for further expansion or other business purposes.
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