Question
GHI Ltd reported the following financial information for the year ended December 31st,2023:-Cashfromoperatingactivities:$110,000-Cashfrominvestingactivities: ($70,000)-Cashfromfinancingactivities:$50,000-Beginningcashbalance:$90,000 Calculate: a) Ending cash balance. b) Free cash flow. c) Cash
GHI Ltd reported the following financial information for the year ended December 31st, 2023: - Cash from operating activities: $110,000 - Cash from investing activities: ($70,000) - Cash from financing activities: $50,000 - Beginning cash balance: $90,000 Calculate: a) Ending cash balance. b) Free cash flow. c) Cash ratio.
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Fundamentals of Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
7th edition
1259722635, 978-1259722639
