Ramirez Company had a cash balance of $68,500 on December 31, 2017. Throughout the year 2018,...
Ramirez Company had a cash balance of $68,500 on December 31, 2017. Throughout the year 2018, they had the following information related to their cash flows:
Cash from Operating Activities $83,700
Cash from Investing Activities 55,800
Cash used in Financing Activities 43,900
What is Ramirez’s ending cash balance on December 31, 2018?
a. $95,600
b. $251,900
c. $183,400
d. $164,100
Homework Answers
Answer:
Option d : $164,100
Solution:
Let's solve the question in statement form.
Ramirez Company
Statement Showing Ending Cash Balance
| Particulars | $ |
|---|---|
| Cash Balance as on December 31,2017 | 68,500 |
| Add: Cash from Operating Activities | 83,700 |
| 152,200 | |
| Add: Cash from Investing Activities | 55,800 |
| 208,000 | |
| Less: Cash used in Financing Activities | (43,900) |
| Cash Balance on December 31, 2018 | $164,100 |
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