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During the last year, Globo-Chem Co. generated $702 million in cash flow from operating activities and...

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Finance

During the last year, Globo-Chem Co. generated $702 million incash flow from operating activities and had negative cash flowgenerated from investing activities (-$384 million). At the end ofthe first year, Globo-Chem Co. had $120 million in cash on itsbalance sheet, and the firm had $380 million in cash at the end ofthe second year.

What was the firm’s cash flow (CF) due to financing activitiesin the second year? -$29.00 million $72.50 million -$58.00 million$43.50 million

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