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While analyzing the Wish Company's 20Y1 and 20Y2 financial statements, you note the following: 20Y1 202 (000s omitted) $ 4,000 $3,700 Sales 110 3,250 90
While analyzing the Wish Company's 20Y1 and 20Y2 financial statements, you note the following: 20Y1 202 (000s omitted) $ 4,000 $3,700 Sales 110 3,250 90 Depreciation expense 3.100 Cash cost of goods sold $510 $640 Gross profit $775 $765 Net fixed assets What is the combined cash impact of all purchases and sales of fixed assets in 20Y2? An increase of $10,000 A decrease of $15,000 A decrease of $80,000 A decrease of $100,000
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