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Question - The following information is available for Cooke Corporation:
(in million)
Cash receipts from operating activities $780
Cash payments from operating activities $240
Net cash flows from investing activities -$210
Net cash flows from financing activities $750
Net increase in cash ?
Cash at start of year $550
Cash at year-end ?
Required - What is the amount of cash on the company's balance sheet at year-end?
a. $1,090
b. $530
c. $1,630
d. $2,530
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