Net cash used in investing activities

Reference no: EM13148063

The Johnson and Baker Company increased investments in foreign securities by $ 120,000, funded fixed asset acquisitions by $ 1,500,000, and sold $ 90,000 of long-term debt. Also, the firm had a net inflow of $ 300,000 from the sale of assets. What is the net cash used in investing activities?

a) $ 1,320,000

b) $ 1,230,000

c) $ 1,410,000

d) $ 1,800,000

Reference no: EM13148063

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