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What is the change in cash base on the preceding information

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Reference no: EM132555816

The following data are from the Sagesser Company:

                                 December 31, 2015                   December 31, 2014

Account receivable            P20,000                              P25,000

Accounts payable              15,000                                18,000

Retained earnings            80,000                                      60,000

Net income for 2015=P60,000

Purchase of equipment for cash during 2015 = 26,000

Depreciation expense for 2015 = 15,000

Question 1: What is the change in cash base on the preceding information?

Reference no: EM132555816

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