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Identify the sources and uses of cash for Blackhurst Corporation for 2014 based on the following year-end Balance Sheets 2013 2014 Assets Cash 40 30
Identify the sources and uses of cash for Blackhurst Corporation for 2014 based on the following year-end Balance Sheets
2013 2014
Assets
Cash 40 30
Accounts Receivable 100 150
Inventory 135 125
Net Fixed Assets 200 240
Total 475 545
Liabilities and Equity
Bank Loan 40 100
Long-term debt 200 180
Equity 235 265
475 545
a. | Sources = 60 ; Uses = 60 | |
b. | Sources = 90 ; Uses = 110 | |
c. | Sources = 110 ; Uses = 110 | |
d. | Sources = 110 ; Uses = 70 |
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