Business, 18.02.2020 05:58 my7butterflies

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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