Reference no: EM133129533
Question - Bain Company's cash balance at December 31, 2009, was $136,000. Calculate the company's cash balance at December 31, 2010, given the following information for the year ended December 31, 2010. Show your work.
Net Income $370,000
Depreciation and Amortization Expense 98,000
Increase in Accounts Receivable (net) 14,000
Decrease in Inventory 25,000
Increase in Accounts Payable 20,000
Net Cash Flows from Investing Activities 133,000
Net Cash Flows from Financing Activities (600,000)
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: Bain Company's cash balance at December 31, 2009, was $136,000. Calculate the company's cash balance at December 31, 2010
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