Company’s 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