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Use the following information to calculate the change in a

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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

A) $260,000

B) $145,000

C) $365,000

D) $180,000

Reference no: EM13479300

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