Use the following information to calculate the change in the company’s

Use the following information to calculate the change in the company’s cash balance for the year.

Credit Sales $800,000
Cash Sales $500,000
Operating Expenses on Credit $200,000
Cash Operating Expenses $700,000
Accounts Receivable (Beg. of Year) $50,000
Accounts Receivable (End of Year) $80,000
Accounts Payable (Beg. of Year) $50,000
Accounts Payable (End of Year) $100,000
Income Taxes Paid $160,000
A) $365,000 B) $180,000 C) $145,000 D) $260,000

ANSWER

D