You are given the following information for Thrice Corp

You are given the following information for Thrice Corp.:

   

Decrease in inventory	$	560
Decrease in accounts payable		230
Increase in notes payable		215
Increase in accounts receivable		245

  

Did cash go up or down? By how much?

Explanation

Note: Intermediate answers are shown below as rounded, but the full answer was used to complete the calculation.

A decrease in inventory is a source of cash.

A decrease in accounts payable is a use of cash.

An increase in notes payable is a source of cash.

An increase in accounts receivable is a use of cash.

Change in cash = Sources − Uses

Change in cash = $560 − 230 + 215 − 245

Change in cash = $300

Cash increased by $300

Thanks