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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
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