Use the tables for the question(s)below.Consider the following financial information:
Luther Corporation
Consolidated Balance Sheet
December 31,2019 and 2018 (in $ millions)
-For the year ending December 31,2009 Luther's cash flow from investing activities is:
A)$122.49 million.
B)$358.2 million.
C)$66.39 million.
D)$295.71 million.

Question

Use the tables for the question(s)below.Consider the following financial information:
Luther Corporation
Consolidated Balance Sheet
December 31,2019 and 2018 (in $ millions)  
-For the year ending December 31,2009 Luther's cash flow from investing activities is:
A)$122.49 million. 
B)$358.2 million. 
C)$66.39 million. 
D)$295.71 million.

Quizplus · Accepted Answer

Luther's cash flow from investing activities is $122.49 million. This is calculated by taking the net change in cash and cash equivalents from investing activities, which is $122.49 million, and adding back depreciation and amortization, which is $358.2 million.

Use the Tables for the Question(s)below