What is the amount of cash on the company balance sheet

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Reference no: EM132806104

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

Reference no: EM132806104

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