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Max's Tire Center Company Selected data from the financial statements of Max's Tire Center are provided below. 2020 2019 Cash and cash equivalents $ 50,000
Max's Tire Center Company Selected data from the financial statements of Max's Tire Center are provided below. 2020 2019 Cash and cash equivalents $ 50,000 $ 38.000 Inventory $10.000 $8.000 Total Assets 500.000 490,000 Cash flow from Operations $5.500,000 $4.390.000 Dividends $370,000 $360.000 Capital Expenditures $1.500,000 $1.300.000 Refer to the selected data provided for Max's Tire Center. Which of the following would result from a horizontal analysis of Max's cash and cash equivalents? O Cash and chivalents increased $22.000 or 318% durine 2020 Cash and catch equivalents increased 12.000 or 31.6% during 2020 Cash and cash equivalents is 100% of totalets in 2020 The free cash flow is $2160.000 in 2020
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