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Last year Ty's Grocery had inventory of $237,500 and fixed assets of $51,400. This year, Ty's has inventory of $231,900 and fixed assets of $48,700.
Last year Ty's Grocery had inventory of $237,500 and fixed assets of $51,400. This year, Ty's has inventory of $231,900 and fixed assets of $48,700. Depreciation for this year is $6,300. Which one of the following statements is true given this Information? Multiple Choice 13:16 Both inventory and fixed assets are uses of cash in the amounts of $5,600 and $3,600, respectively. Both inventory and fixed assets are sources of cash in the amounts of $5,600 and $3,600 respectively. Inventory is a source of cash in the amount of $5,600 and fixed assets is a use of cash in the amount of $3,600. Both inventory and foed assets are uses of cash in the amounts of $5,600 and $2700, respectively loventory is a source of cash in the amount of $5.600 and fixed assets is a use of cash in the amount of $2700
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