Ramirez Company had a cash balance of $68,500 on December 31, 2017. Throughout the year 2018, they

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Ramirez Company had a cash balance of $68,500 on December 31, 2017. Throughout the year 2018, they had the following information related to their cash flows:

Cash from Operating Activities $83,700

Cash from Investing Activities 55,800

Cash used in Financing Activities 43,900

What is Ramirez’s ending cash balance on December 31, 2018?

a. $95,600

b. $251,900

c. $183,400

d. $164,100

Related Book For answer-question

Auditing and Assurance Services A Systematic Approach

ISBN: 978-0077732509

10th edition

Authors: William Messier Jr, Steven Glover, Douglas Prawitt

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Posted Date: Feb 02, 2024 12:25 AM

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Ramirez Company had a cash balance of $68,500 on December 31, 2017. Throughout the year 2018, they

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Auditing and Assurance Services A Systematic Approach

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