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QUESTION

From the following information, calculate the net increase in cash.

From the following information, calculate the net increase in cash.

Earnings before interest and taxes

$52,000

Depreciation expense

7,800

Decrease in prepaid expenses

1,700

Increase in accounts receivable

12,880

Purchase of machinery

32,700

Payment of dividends

11,300

Increase in bank borrowings

8,600

  • ​$88,780
  • ​$13,220
  • ​$18,620
  • ​$23,380
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