Fi_1 - 15 Last year Aldrin Company's operations provided a...

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Unformatted text preview: 15. Last year Aldrin Company's operations provided a negative net cash flow , yet the cash shown on its balance sheet increased . Which of the following statement could explain the increase in cash, assuming the company's financial statements were prepared under generally accepted accounting principles? A) The company had high depreciation expenses. B) The company retired a large amount of its long-term debt. C) The company sold some of its fixed assets. D) The company dramatically increased its capital expenditures. E) The company repurchased some of its common stock. Points Earned: 0.0/5.0 Correct Answer(s): C 16. SCENARIO 3-1 The following 2 years of financial information are for Sebring Corporation. SEBRING CORPORATION: INCOME STATEMENTS FOR YEAR ENDING DECEMBER 31 (MILLIONS OF DOLLARS) 2005 2004 Sales $3,600.0 $3,000.0 Operating costs (excluding depreciation and amortization) 3,060.0 2,550.0 EBITDA $ 540.0 $ 450.0$ 450....
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This note was uploaded on 11/04/2009 for the course BUS FIN 2100 taught by Professor Shmidl during the Spring '09 term at Laramie County Community College.

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Fi_1 - 15 Last year Aldrin Company's operations provided a...

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