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1) A company has the following items for the fiscal year 2020: Cash balance at the beginning of the year = 50 million Net cash flow from operating activities = 450 million Net cash used in investing activities = - 500 million Net cash from financing activities = 100 million Calculate the company’s cash balance at the end of this year
1) A company has the following items for the fiscal year 2020:
- Cash balance at the beginning of the year = 50 million
- Net cash flow from operating activities = 450 million
- Net cash used in investing activities = - 500 million
- Net cash from financing activities = 100 million
Calculate the company’s cash balance at the end of this year
Expert Solution
| Particular | amount (in million) |
| Cash balance at the begining of the year | $50 |
| Add: net cash flow from operating activities | $450 |
| Less: net cash ysed in investing activites | -$500 |
| Add: cash flow from financing activities | $100 |
| Ending cash and cash equivalent | $100 |
Cash balance at the end of this year = $100
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