ADP, Inc. began the year 2004 with $145 million in cash. During 2004, ADP earned net income of $395 million, and adjustments to reconcile net income to net cash provided by operations totaled $2330 million, a positive amount. Investing activities used cash of $3140m, and financing activities provided cash of $420m. ADP ended 2004 with total assets of $15195m and total liabilities of $10550m.
Prepare ADP, Inc.'s statement of cash flows for the year ended Dec 31, 2004.
(The answer in the ans sheet stated the ending cash balance is $150 million, but my answer was $1770m).
So how should get it right?
