Cash flows from( used for) investing activities
Cash paid for capital additions.........................................( 46,750)( 47,659)( 18,481)
Proceeds from sale of subsidiary.......................................— 12,350—
Net cash flows used for investing activities...........................( 46,750)( 35,309)( 18,481)
Cash flows from( used for) financing activities
Proceeds from short-term debt........................................... 6,505 21,242 1,876
Purchases of treasury stock...............................................( 35,557)( 45,899)( 30,143)
Issuance of treasury stock................................................. 1,845 409 604
Net cash flows used for financing activities..........................( 27,207)( 24,248)( 27,663)
Net increase( decrease) in cash and cash equiv.................... $ 303 $( 86,489) $ 75,651
Beginning cash and cash equivalents................................... 6,338 92,827 17,176
Ending cash and cash equivalents........................................ $ 6,641 $ 6,338 $ 92,827
Required:
a. Lands’ End recently implemented a strategy of filling nearly all orders when the order is placed. In what year do
you believe the company implemented this strategy and how is the strategy reflected in the information contained