Question
GHI Ltd reported the following financial information for the year ended December 31st, 2023: - Cash from operating activities: $100,000 - Cash from investing activities:
GHI Ltd reported the following financial information for the year ended December 31st, 2023: - Cash from operating activities: $100,000 - Cash from investing activities: ($50,000) - Cash from financing activities: $30,000 - Beginning cash balance: $80,000 Calculate: a) Ending cash balance. b) Free cash flow. c) Cash flow adequacy ratio.
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Survey of Accounting
Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds, Frances McNair, Bor Yi Tsay
5th edition
1259631125, 978-1259631122
