In: Accounting
A firm reported ($ in millions) net cash inflows (outflows) as follows: operating $68, investing ($192), and financing $352. The beginning cash balance was $254. What was the ending cash balance?
Multiple Choice
$482.
$866.
$124.
$26.
CALCULATION OF THE CLOSING CASH BALANCE | |
AMOUNT | |
Cash Flow opearating activities | $ 68 |
Cash Flow from investing activities | $ -192 |
Cash Flow from financing Activities | $ 352 |
Net increase in cash and cash equivalents | $ 228 |
Add: Opening Cash Balance | $ 254 |
Ending Cash Balance | $ 482 |
Answer = Option 1 = $ 482 | |