Solution-Calculate each companys cash balance at the end of

Calculate each companys cash balance at the end of the year

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Reference no: EM132329730

Question :

Below are summary cash flow statements for three roughly equal-sized companies.

(millions)
	A	B	C
Net cash flows from operating activities	(310)	(310)	320
Net cash used in investing activities	(910)	(40)	(100)
Net cash from financing activities	1,300	230	(250)
Cash balance at beginning of year	160	160	160

a. Calculate each company's cash balance at the end of the year.

End-of-year cash balance

Company	A(million)	B (million)	C(million)

Reference no: EM132329730

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Calculate each companys cash balance at the end of the year

Reference no: EM132329730

Reference no: EM132329730

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