Question: Using the balance sheet below, create a statement of the sources and uses of cash for 2019. Use the sources and uses of cash statement

Using the balance sheet below, create a statement of the sources and uses of cash for 2019. Use the sources and uses of cash statement to show how the cash of the company changed from one year to the next. Balance sheets as of December 31 2019 2018 41 35 Cash Accounts Receivable Inventory PP&E 20 25 52 21 20 45 138 121 Total Assets 20 15 7 4 14 14 29 Accounts Payable Bank Loan Current Portion of Long-Term Debt Long-Term Debt Common Stock Retained Earnings Total Liabilities and Equity 35 20 25 26 22 124 107
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
