Procter & gamble’s june 30, 2016, financial statements reported the following (in millions): cash, beginning of year $ 6,836 cash, end of year $ 7,102 cash from operating activities $15,435 cash from investing activities $ (5,575) what did procter & gamble report for cash from financing activities for the year ended june 30, 2016? $9,514 million $20,961 million $(20,961) million $(9,594) million $7,067 million

(9,594)

Explanation:

The net cash movement during a period the sum of cashflow from operations (CFO), cashflow from investing activities (CFI) and cashflow from financing (CFF) activities. On the other hand, that net cash movement is also calculated as the difference between end of year cash position and start of year cash position. Given that, we have the equation as below:

End of year cash position - Start of year cash position = CFO + CFI + CFF

Putting all the number together, we have:

7,102 - 6,836 = 15,435 - 5,575 + CFF

Solve the equation, we have CFF = (9,594)

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