None A firm reports the following key financial figures for the last fiscal year:Income Statement DataNet IncomeDepreciationDividends (cash)2023$500,000.00$80,000.00$100,000.0020232022Balance Sheet DataAccounts ReceivableInventory$100,000.00$75,000.00$80,000.00$70,000.00Accounts Payable$80,000.00$75,000.00Gross Plant, Property, and Equipment$1,000,000.00$850,000.00Notes Payable$125,000.00$100,000.00Long Term Debt$2,000,000.00$1,800,000.00# of shares outstanding500,000.00500,000.00What is the net increase in cash and marketable securities for 2023? (Refer to the Statement of Cash Flows)

Step 1:Changes in Balance Sheet Items : Note: Assumed that the note payable is a short-term…

Answered: A firm reports the following key…

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)

10th Edition

ISBN:9781337902571

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter3: Financial Statements, Cash Flow, And Taxes

Section: Chapter Questions

Problem 19SP

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