The following information is available for Metlock, Inc. for the year 2022: (in million) Cash receipts...
The following information is available for Metlock, Inc. for the year 2022: (in million) Cash receipts from operating activities $700 Cash payments from operating activities $220 Net cash used by investing $190 Net cash provided by financing $680 Net increase in cash and equivalents ? Cash and equivalents at start of year $500 Cash and equivalents at year-end ? What is the net increase in cash and equivalents for the year?
Homework Answers
Answers
| Net increase in cash and cash equivalent | $ 970.00 |
| Cash and equivalents at end of year | $ 1,470.00 |
Working
| Cash flow statement | |
| Cash receipts from operating activities | $ 700.00 |
| Cash payments from operating activities | $ (220.00) |
| Net cash used by investing | $ (190.00) |
| Net cash provided by financing | $ 680.00 |
| Net increase in cash and cash equivalent | $ 970.00 |
| Add: Cash and equivalents at start of year | $ 500.00 |
| Cash and equivalents at end of year | $ 1,470.00 |
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