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What is the cash and equivalents amount at year-end

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Reference no: EM132647698

The following information is available for Pina Colada Corp. for the year 2022:
(in million)

Cash receipts from operating activities $860

Cash payments from operating activities 260

Net cash used by investing $230

Net cash provided by financing $830

Net increase in cash and equivalents ?

Cash and equivalents at start of year $610

Cash and equivalents at year-end ?

Problem 1: What is the cash and equivalents amount at year-end?

Option 1: $1810

Option 2: $1210

Option 3: $590

Option 4: $2790

Reference no: EM132647698

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