Homework Answers
Ans:
| ($ in millions) | |
| Cash outflow from operating Activities | - $ 2.34 mn |
| Cash inflow from financing Activities | $ 39 mn |
| Cash outflow from financing Activities | - $ 6.918 mn |
Explanation:
1) Interest on net payable will come under operating activities.
Interest= $ 39 mn × 6% = $ 2.34
2) Borrowing and repayment of money both are financial activity hence it would come under financing activity.
3) Installment is $ 9.258 ( given)
4) Repayment of principal that would come under financial activities:
= installment - interest
= $ 9.258 - $ 2.34
= $ 6.918
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