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In 2019. III Company had net sales of $200,000, fixed assets of S200,000, interest expenses of S 14.500. accounts receivable of S155,000, notes payable of
In 2019. III Company had net sales of $200,000, fixed assets of S200,000, interest expenses of S 14.500. accounts receivable of S155,000, notes payable of S100,000, accounts payable of $75.000, inventory of $125,000 cash of $105,000, long-term debt of $180,000, common stock of $60,000, retained earnings of $120,000, total liabilities and equity of $535,000; in addition, costs of goods sold is 65% of net sales, depreciation is 25% of fixed assets, tax rate is 20%, and dividend pay-out ratio is 50% 2. What was the Net Change in Cash in year 2019
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