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Calculate the cash from or used in the operation

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Question - Mississauga Mining Co. made a net income of $35 million in 2016, after the deduction of amortization expense of $8 million, the interest of $5 million and taxes of $12 million. During the year accounts receivable has increased by $1.8 million, Inventory decreased by $0.8 million, and trade payable increase by $1.0 million. In 2016, it sold mining equipment for $2 million and bought a new computer system for $3 million. During 2016, it issued new shares for $13 million and used the proceeds to repay loans of $10 million, the remainder went into the bank's current account.

Required - Calculate the cash from/used in the operation.

Reference no: EM132557026

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