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samualson samualson
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5 years ago
Racing Horse Corporation reported net income for 2010 of $200,000, sales of $540,000, expenses (excluding depreciation) of $180,000, and depreciation expense of $60,000. The company's accounts receivable balance increased by $40,000 during the year and its accounts payable balance remained the same. The company's change in cash for the year is estimated to be
A) $100,000.
B) $160,000.
C) $220,000.
D) $380,000.
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guzmanguzman
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samualson Author
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5 years ago
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Thank you, thank you, thank you!
dri
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