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I need an answer with the steps, please! Partial Credit Problems (22 points rutal): 75 15. At the end of 2020 , Smith Industries had
I need an answer with the steps, please!
Partial Credit Problems (22 points rutal): 75 15. At the end of 2020 , Smith Industries had $75 million in cash on its balance sheet. During 2021, the followingyevents occurrea: - Increase in notes payable =$30million cutor? lios - Decrease in accounts payable =$20 million cuthor lim - Increase in inventories =$35millionCA - Increase in retained earnings =$5 million eqU 72 - Decrease in long-term debt =$20million - Increase in accrued expenses =$15 million lioh you work on this How much cash did smith Industries have on its balance sheet at the end of 2021Step by Step Solution
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