Question
Condensed cash flow statements are as follows for two companies operating in the same industry: Company A Company B Cash provided (used) by operating activities
Condensed cash flow statements are as follows for two companies operating in the same industry:
| Company A | Company B | |||||
|---|---|---|---|---|---|---|
| Cash provided (used) by operating activities | $200,000 | $(180,000 | ) | |||
| Cash provided (used) by investing activities | (20,000 | ) | (20,000 | ) | ||
| Cash provided (used) by financing activities | (60,000 | ) | 320,000 | |||
| Increase in cash | 120,000 | 120,000 | ||||
| Cash, beginning of period | 30,000 | 30,000 | ||||
| Cash, end of period | $150,000 | $150,000 |
Which company is in a better financial position?
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Environmental Audit Consultant Because Freaking Awesome Is Not An Official Job Title
Authors: Sophia Brown
1st Edition
1083152106, 978-1083152107
