110.The following information was reported from the statement of cash flows for Landlover's Restaurants for the years 2015 through 2017 (in millions of dollars):
2017 2016 2015
Cash provided/(used) by operations12211289
Cash provided/(used) by investments(190)(275)(105)
Cash provided/(used) by financing9014621
A. Calculate the quality of income ratio for the years 2015 through 2017. Round your answers to two decimal places.
B. Interpret the quality of income ratio for Landlover's for the three year period.
111.During the year ended December 31, 2017, Blythe Company paid $2.2 million to purchase stock in another company, $1.0 million to purchase its common stock for treasury shares, $.5 million to buy short-term investments, sold used equipment for $.8 million when its book value was $.6 million, and purchased new equipment for $3.4 million.
A. Prepare the investing activities section of Blythe's cash flow statement for the year ended December 31, 2017.
B. Is the net cash flow for investing activities a net cash inflow, or a net cash outflow? Briefly describe the reason for your answer.
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