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Using the information provided below, what was the cash balance at the end of the period? Period Information: Net Income $150,000 Capital Expenditures $25,000 Depreciation
- Using the information provided below, what was the cash balance at the end of the period?
Period Information:
Net Income $150,000
Capital Expenditures $25,000
Depreciation Expense: $15,000
| Beginning of Period |
| Ending of Period | ||
| Cash | $100,000 |
| Cash | ??? |
| A/R | $200,000 |
| A/R | $300,000 |
| Inventory | $650,000 |
| Inventory | $700,000 |
| Prepaid Expenses | $50,000 |
| Prepaid Expenses | $40,000 |
|
|
|
|
|
|
| Accounts Payable | $200,000 |
| Accounts Payable | $250,000 |
| Accrued Expenses | $300,000 |
| Accrued Expenses | $325,000 |
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