Fill This Form To Receive Instant Help
Fill This Form To Receive Instant Help
Homework answers / question archive / 31 December 2019 Income Statement of James&May indicates that Net Income is $4100
31 December 2019 Income Statement of James&May indicates that Net Income is $4100. Depreciation Expense is stated as $560, and the change in net working capital is known to be an increase of $1290. Net PP&E of 2018 was $56200 and this year’s Net PP&E is $56800. Given that James&May retains an 82% plowback ratio, what is the change in Cash Balance?
| a. |
Decrease of $2,032 |
|
| b. |
Decrease of $1,472 |
|
| c. |
Increase of $1,472 |
|
| d. |
Increase of $2,032 |
|
| e. |
Increase of $4,052 |
Already member? Sign In
