1. Last year The Green Grocery had net fixed assets of $48,700. This year, The Green Grocery has net fixed assets of $51,400. Depreciation for this year is $6,300. Which one of the following statements is true given this information?
2. How would a $5,000 increase in AR and a $2,000 decrease in inventory affect cash?

Answer rating: 100% (QA)

Given the information provided we can analyze the change in net fixed assets and depreciation to det... View the full answer