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What is the change (increase or decrease) in cash balance for a firm with: $235,000 net income; $47,000 depreciation expense; increase in receivables of $8,750;
What is the change (increase or decrease) in cash balance for a firm with:
$235,000 net income; $47,000 depreciation expense; increase in receivables of $8,750; decrease in inventory of $14,600; increase in accounts payable by $10,250; $52,000 cash used to purchase new equipment; $27,500 of old equipment sold; a reduction in the principle amount of debt by $35,000; and $62,000 in cash dividends. Consider conditions one-by-one.
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