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18 June, 14:48

Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $31,500; net cash used in investing activities was $11,400 and net cash used in financing activities was $14,100. If the beginning cash balance is $5,700, what is the ending cash balance?

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  1. 18 June, 15:54
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    The ending cash balance is $ 11,700.

    Explanation:

    Calculating the ending cash balance:

    Ending cash balance = Net cash provided by operating activities - Net cash used in investing activities - Net cash used in financing activities + beginning cash balance

    Ending cash balance = 31,500 - 11,400 - 14,100 + 5,700

    Ending cash balance = $11,700
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