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Company’s Cash Balance Assignment

Author:
February 18th, 2020

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?

  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
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