ZZZZZZZBest had Net Income in 2022 of $120,000. It paid its investors dividends totaling $40,000. ZZZZZZZBest recorded depreciation expense in 2022 of $25,000 Examining ZZZZZZZBest's Balance Sheet for 12/31/2022 you identify the following Year over Year changes between FYE 2021 and 2022: 1.) Accounts Receivable decreased by $30,000 2.) Inventory Increased by $35,000 3.) Fixed Assets Increased by $20,000 4.) Accumulated Depreciation increased by $25,000 (larger credit balance). 5.) Accounts Payable Increased by $15,000 6.) Common Stock Outstanding increased by $10,000 Based on this information, determine ZZZZZZZBest's Net Change in Cash for 2022

Answer rating: 100% (QA)

To determine ZZZZZZZBests Net Change in Cash for 2022 we need to analyze the changes i... View the full answer