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Lemonade Stand Co. Income Statement: Quarter Q4-15 Q1-16 Q2-16 Revenue: 50M 50M 60M Costs: 25M 25M 30M Profits: 25M 25M 30M Balance Sheet: Quarter: Q4-15

Lemonade Stand Co.

Income Statement:

Quarter Q4-15 Q1-16 Q2-16
Revenue: 50M 50M 60M
Costs: 25M 25M 30M
Profits: 25M 25M 30M

Balance Sheet:

Quarter: Q4-15 Q1-16 Q2-16
Accounts Receivable 10M 8M 18M
Cash 50M 77M ?

1. For Q2-16 what is the cash balance of Lemonade Stand Co.? PLEASE EXPLAIN ANSWER

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