10 Nov During fiscal year 2016, Honey Bakery reported a n
During fiscal year 2016, Honey Bakery reported a net income of $132.4 million. Honey Bakery received $1.4 million from the sale of other businesses. Honey Bakery made capital expenditures of $10.0 million and sold property, plant, and equipment for $7.3 million. The company purchased long-term investments at a cost of $11.5 million and sold other long-term investments for $2.5 million? Requirements Prepare the investing activities section of Honey Bakery s statement of cash flows. Based solely on Honey Bakery s investing activities, does it appear that the company is growing or shrinking? How can you tell?
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