AOS industries statement of cash flows for 2008. Operating activities Net income

Question

AOS industries statement of cash flows for 2008. Operating activities Net income 3.2 Depreciation and amortization 1.4 Cash effect of changes in Accounts receivable 2.1 Accounts payable 1.1 Inventory 0.8 Cash from operating activities 8.6 Investment activities Capital expenditures -2.2 Acquisition and other investing activity -0.4 Cash from investing activities -2.6 Financing activities Dividends paid -1.5 Sale or purchase of stock 2.1 Increase in short-term borrowing 1.4 Increase in long-term borrowing 3.2 Cash from financing activities 5.2 Change in cash and cash equivalents 11.2 Consider the above statement of cash flows. What were AOS industries major means of raising money in 2008? a. From its operations b. By sale of stock c. From investment activities d. By issuing debt

Explanation / Answer

c. From investment activities

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