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The Floor Store Had Interest Expense of $38,400, Depreciation of $28,100

Question 104

Multiple Choice

The Floor Store had interest expense of $38,400, depreciation of $28,100, and taxes of $19,600 for the year. At the start of the year, the firm had total assets of $879,400 and current assets of $289,600. By year's end total assets had increased to $911,900 while current assets decreased to $279,300. What is the amount of the cash flow from investment activity for the year?


A) −$51,150
B) $21,850
C) $29,300
D) −$70,900
E) −$89,400

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