Question

Zippy had cash inflows from operations of $72,500; cash outflows from investing activities of $57,000; and cash inflows from financing of $35,000. The net change in cash was:

Answer 1

$50,500 increase

Step-by-step explanation:

Calculation to determine what The net change in cash was:

Using this formula

Net Change in Cash = Cash Flows from Operating Activities + Cash Flows from Investing

Activities + Cash Flows from Financing Activities

Let plug in the formula

Net Change in Cash = $72,500 + ($57,000) + $35,000

Net Change in Cash = $50,500

Therefore The net change in cash was:$50,500 Increase