What was the change in the level of debt over the year

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Problem 1: The cash position of a company did not change from Dec 31, 2019, to Dec 31, 2020. Over the year the cash flow from operations was $500 and the gross fixed assets increased by $200. No new stock issues occurred over the year and there were no stock buybacks. If the dividend payments were $100 what was the change in the level of debt over the year?

a. A decrease of 300

b. A decrease of 200

c. An increase of 200

d. An increase of 300

Reference no: EM132861469

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