Question
Micro robot Corporation reported the following information for the current year: (1) Inventories increased by $28 million (2) Customer accounts receivable decreased by $18 million
Micro robot Corporation reported the following information for the current year:
(1) Inventories increased by $28 million
(2) Customer accounts receivable decreased by $18 million
(3) Accounts payable increased by $16 million
(4) Depreciation expense was $39 million
(5) Net income is $102 million
(6) Long-term debt decreased by $40 million
(7) Purchases of equipment were $47 million
(8) Dividends paid to common shareholders were $10 million
(9) Income tax payable increased by $5 million
d, Calculate the increase or decrease in the cash balance.
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