Question: PLEASE SHOW AND EXPLAIN ANSWER Item Prior year Current year Accounts payable 8,128.00 7,728.00 Accounts receivable 6,072.00 6,795.00 Accruals 971.00 1,310.00 Cash ??? ??? Common

PLEASE SHOW AND EXPLAIN ANSWER Item Prior year Current year Accounts payablePLEASE SHOW AND EXPLAIN ANSWER

Item Prior year Current year Accounts payable 8,128.00 7,728.00 Accounts receivable 6,072.00 6,795.00 Accruals 971.00 1,310.00 Cash ??? ??? Common Stock 10,108.00 11,243.00 COGS 12,656.00 18,018.00 Current portion long-term debt 4,930.00 4,940.00 Depreciation expense 2,500 2,840.00 Interest expense 733 417 Inventories 4,251.00 4,817.00 Long-term debt 14,013.00 14,295.00 Net fixed assets 50,077.00 54,629.00 Notes payable 4,358.00 9,904.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,109.00 30,493.00 Sales 35,119 47,080.00 Taxes 2,084 2,775 What is the firm's total change in cash from the prior year to the current year? Submit Answer format: Number: Round to: 0 decimal places

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!