Calculate the change in a companys cash balance for the year

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Use the following information to calculate the change in a company's cash balance for the year. Credit Sales = $800,000 Cash Sales = $500,000 Operating Expenses on credit = $200,000 Cash Operating Expenses = $700,000 Accounts Receivable (Beg. of year) = $50,000 Accounts Receivable (End of year) = $80,000 Accounts payable (beg. of year) = $50,000 Accounts payable (end of year) = $100,000 Income Taxes Paid = $160,000

Reference no: EM13333307

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