Answered step-by-stepCalculate the end of the year cash balance based on the information...
Calculate the end of the year cash balance based on the information below
| Beginning of the year cash balance | 1,600 |
| Revenue | 1,200 |
| Net income | 450 |
| Depreciation | 100 |
| Negative changes in operating assets and liabilities | 60 |
| Acquisitions of PP&E | 300 |
| Dividends paid in the current year | 110 |
| Increase in long-term debt | 500 |
980
2,930
1,730
2,180
Answer & Explanation
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