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 Cash 25 19 Accounts Receivable 43 50 Inventory 45 50 Goodwill 25 20 Net Fixed Assets 18 19 Total Assets 156 158 Accounts Payable 25 37 Current Portion of Long-Term Debt 15 13 Bank Loan 21 12 Long-Term Debt 21 31 Common Stock 21 25 Preferred Stock Retained Earnings Total Liabilities and Equity 32 21 156 20 20 158
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