Upon review of Young's Garden Center statement of cash flows, the following was noted: From this information, the most likely explanation is that Young's is

Question

Upon review of Young's Garden Center statement of cash flows, the following was noted:  From this information, the most likely explanation is that Young's is

Quizplus · Accepted Answer

Young's is using cash from operating activities to repay debt, as evidenced by the negative cash flow from financing activities. They are also selling long-term assets, as evidenced by the positive cash flow from investing activities. This suggests they are using these proceeds to pay back debt.

Upon Review of Young's Garden Center Statement of Cash Flows