You are given the following information for Ortiz Corporation: Decrease in inventory $ 610 Decrease in accounts payable 255 Increase in notes payable 240 Increase in accounts receivable 270 Did cash go up or down? By how much?

You are given the following information for Ortiz Corporation: Decrease in inventory $ 610 Decrease in accounts payable 255 Increase in notes payable 240 Increase in accounts receivable 270 Did cash go up or down? By how much?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

You are given the following information for Ortiz Corporation:

Decrease in inventory	$ 610
Decrease in accounts payable	255
Increase in notes payable	240
Increase in accounts receivable	270

Did cash go up or down? By how much?

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