10 Nov During fiscal year 2014, Hearth & Home Bakery repo
During fiscal year 2014, Hearth & Home Bakery reported a net income of $122.9 million. Hearth & Home Bakery received $1.8 million from the sale of other businesses. Hearth & Home Bakery made capital expenditures of $8.1 million and sold property, plant, and equipment for $6.0 million. The company purchased long-term investments at a cost of $11.6 million and sold other long-term investments for $4.3 million. Requirement 1. Prepare the investing activities section of Hearth & Home Bakery’s statement of cash flows. Based solely on Hearth & Home Bakery’s investing activities, does it appear that the company is growing or shrinking? How can you tell?
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