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Natural Lite, Inc. reported the following items during fiscal 2010. The firm purchased marketable securities of $87,500, paid down a long-term loan in the amount of $650,000, purchased $4,250,000 of new equipment. The firm also issued $6,250,000 of common stock, paid $350,225 in dividends to its common shareholders, and repurchased $1,250,000 of common stock in the open market. What is the net cash provided by financing activities?

Respuesta :

Ritmeks

Answer:

$3,999,775

Explanation:

The first step is to calculate the cash outflows from financing activities

= $1,250,000 + $650,000 + $350,225

= $2,250,225

Since the cash inflow that is gotten from financing activities is $6,250,000 then the net cash provided from financing activities can be calculated as follows

= $6,250,000 - $2,250,225

= $3,999,775

Hence the net cash provided from financing activities is $3,999,775

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