6 ints eBook Print References The following information is available from Gray Co.'s accounting records for the year end

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6 Ints Ebook Print References The Following Information Is Available From Gray Co S Accounting Records For The Year End 1 (34.25 KiB) Viewed 10 times

6 ints eBook Print References The following information is available from Gray Co.'s accounting records for the year ended December 31, 2019 (amounts in millions): Cash dividends declared and paid Retirement of bonds payable at maturity Interest and taxes paid Proceeds of common stock issued Proceeds from the sale of land Collections from customers Cash paid to suppliers and employees Purchase of buildings and equipment $950 600 440 1,250 500 8,940 2 ? Required: a. The net cash provided by operating activities for Gray Co. for the year ended December 31, 2019, is $3,200 million. Calculate the cash paid to suppliers and employees. (Enter your answer in millions. (i.e., 5,000,000 should be entered as 5)) Cash paid to suppliers and employees $ 5,300 million b. The increase in cash for the year was $800 million. Calculate the amount of cash used to purchase buildings and equipment. Your answer to part a should be considered in your calculation. (Hint: Set up a model of the statement of cash flows to determine the net cash provided (used) by operating and investing activities, and then solve for the missing amounts.) (Enter your answer in millions. (.e., 5,000,000 should be entered as 5)) Cash used to purchase buildings and equipment milion