Ghi company cash flows based on this limited information


Question - GHI Company Cash Flows:

Net income $80,000

Decrease in AR $5,000

Decrease in Inventory $10,000

Decrease in AP ($7,000)

Net cash from operations $88,000

Purchase of equipment ($30,000)

Net cash from investing ($30,000)

Issuance of stock $20,000

Net cash from financing $20,000

Net increase in cash during period $78,000

Based on this limited information, what are your thoughts in regards to this company's financial health?

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Accounting Basics: Ghi company cash flows based on this limited information
Reference No:- TGS02509998

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