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What is the cash and equivalents amount at year-end

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Question - 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 ?

Required - What is the cash and equivalents amount at year-end?

a. $1810

b. $1210

c. $590

d. $2790

Reference no: EM132669380

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