Question

In: Finance

What is the firm's total change in cash from the prior year to the current year?


Category

Prior YearCurrent Year
Accounts payable3,136.005,912.00
Accounts receivable6,865.008,909.00
Accruals5,736.006,053.00
Additional paid in capital20,381.0013,763.00
Cash??????
Common Stock2,8502,850
COGS22,644.0018,617.00
Current portion long-term debt500500
Depreciation expense964.001,040.00
Interest expense1,294.001,127.00
Inventories3,079.006,686.00
Long-term debt16,952.0022,082.00
Net fixed assets75,263.0074,206.00
Notes payable4,068.006,510.00
Operating expenses (excl. depr.)19,95020,000
Retained earnings35,375.0034,409.00
Sales46,36045,043.00
Taxes350920

What is the firm's total change in cash from the prior year to the current year?

Answer format: Number: Round to: 0 decimal places

Solutions

Expert Solution

Prior year's cash balance is 3,791 and current year's cash balance is 2,278.

Means cash is decreased by 1,513 (3,791 - 2,278)

Answer = -1,513

Please see below attached picture for step by step calculations.

jeff jeffy answered 3 years ago
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