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What was Martins net increase in cash

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Reference no: EM132530835

Question - Information regarding the Martin Company for the year appears below:

Net income of $140,000

Dividends paid of $20,000

Decrease in inventory of $15,000

Increase in accounts payable of $30,000

Proceeds from issuance of common stock of $70,000

Depreciation expense of $10,000

Required - What was Martin's net increase in cash?

a. $225,000

b. $255,000

c. $245,000

d. $190,000

Reference no: EM132530835

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