Company Cash Balance Assignment

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Company Cash Balance Assignment

Company Cash Balance Assignment The Miller Company had the following changes in its 2017 balance sheet: Inventory decreased by $45,000;   Accounts Payable decreased by $32,000;   Notes Payable decreased by $16,000 and Accounts Receivable increased by $8,000.   How much did the company’s Cash balance on its balance sheet change at the end of 2017? Decreased by $11,000 Decreased by $21,000 Increased by $5,000 Increased by 21,000 None of the above. Get Finance homework help today

Company Cash Balance Assignment

Company’s Cash Balance AssignmentThe Miller Company had the following changes in its 2017 balance sheet: Inventory decreased by $45,000;   Accounts Payable decreased by $32,000;   Notes Payable decreased by $16,000 and Accounts Receivable increased by $8,000.   How much did the company’s Cash balance on its balance sheet change at the end of 2017?

  1. Decreased by $11,000
  2. Decreased by $21,000
  3. Increased by $5,000
  4. Increased by 21,000
  5. None of the above. Get Finance homework help today