Use the following cash flow information for ABC Corporation for questions 15 and 16:
ABC Corporation: 2022 2021 2020 2019
Ending Cash $ 50.00 $ 45.00 $ 40.00 $ 35.00
Cash from operations $ 117.00 $ 122.00 $ 125.00 $ 127.00
Net capital spending $ 150.00 $ 140.00 $ 135.00 $ 140.00
Cash from financing $ 23.00 $ 15.00 $ 18.00
What must cash flow from financing have been in 2022 for ABC Corporation? Enter your answer rounded to two decimal places. Do not enter $ or comma in the answer box. For example, if your answer is $12,300.456 then enter as 12300.46 in the answer box.
Based on the cash flow data in the table for ABC Corporation, which of the following statements is/are correct?
I. This firm appears to be a good investment because of its steady growth in cash.
II. This firm has only been able to generate growing cash flows by borrowing or selling equity to offset declining operating cash flows.
III. Financing activities have been increasingly important for this firm's operations, at least in the short run.
