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1 24:- Wilfong Brothers, Inc., reported a net cash flow from operations of $63,000 during the fourth quarter of 1988. In addition, Wilfong has a
1 24:- Wilfong Brothers, Inc., reported a net cash flow from operations of $63,000 during the fourth quarter of 1988. In addition, Wilfong has a net financial cash inflow of $12,000 and a net investment cash outflow of $52,000. a. What was Wilfongs net cash flow for the fourth quarter of 1988? b. If Wilfongs level of cash was $55,000 on December 31, 1988, what was it on September 31, 1988?
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