The following data come from the financial statements of The Fun in the Sun Company for the year ended May 31, 2013 (in millions).
Data Table:
Purchase of property, plant and equipment......................................................................$3,510
Net Income....................................................................................................................... 3,050
Adjustments to reconcile net income to net cash provided by operating activities....2,350
Revenues..........................................................................................................................59,100
Cash beginning of the year $270, end of year................................................................. 1,930
Cost of goods sold...........................................................................................................37,550
Other investing cash payments........................................................................................ $185
Account receivable..........................................................................................................850
Payment of dividends.....................................................................................................290
Common stock................................................................................................................4,800
Issuance of common stock.............................................................................................195
Sales of property, plant and equipment..........................................................................50
Retained earnings...........................................................................................................12,950
Prepare a cash flow statement for the year ended May 31, 2013.
What activities provided the largest source of cash? Is this a sign of financial strength or weakness?