Question: Determine the increase or decrease in cash for Binky Supply Company for last year, given the following income statement and balance sheet information: Net Income
Determine the increase or decrease in cash for Binky Supply Company for last year, given the following income statement and balance sheet information: Net Income Depreciation Dividends Decrease in Marketable Securities Increase in Accounts Receivables Increase in Notes Payable Decrease in Accounts Payable Increase in Accrues Wages and Taxes Decrease in Inventories Increase in Long Term Debt Increase in Fixed Assets $45 25 40 25 70 30 20 15 35 100 90 Note: Do the following: Specify whether each item is a source or use of cash. Categorize each item in Cash Flows from Operations, Investing, or Financing. Complete the Cash Flow Statement for the company assuming a beginning cash balance of $100. e
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