Question
Identify the sources and uses of cash for Blackhurst Corporation for 2017 based on the following year-end balance sheets. Please Show your work, thank you
Identify the sources and uses of cash for Blackhurst Corporation for 2017 based on the following year-end balance sheets. Please Show your work, thank you
2016 2017
ASSETS
Cash 60 45
Accounts Receivable 150 225
Inventory 200 180
Net Fixed Assets 300 360
Total Assets 710 810
LIABILITIES & EQUITY
Bank Loan 80 140
Long-term Debt 280 270
Equity 350 400
Total Liab. & Equity 710 810
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Economics And Personal Finance
Authors: Irvin Tucker, Joan Ryan
1st Edition
1133562108, 978-1133562108
