Business, 29.02.2020 01:24 teyashanti3
At the end of 2004, Lehnhoff Inc. had $75 million in cash. During 2005, the following events occurred: · Cash flow from Lehnhoff's operating activities totaled $325 million. · Lehnhoff issued $500 million in common stock. · Lehnhoff's notes payable decreased by $100 million. · Lehnhoff purchased fixed assets totaling $600 million. How much cash did Lehnhoff Inc. have at the end of 2005?
a. $200 Million
b. $50 Million
c. $1.4 Billion
d. $100 Million
Answers: 3
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At the end of 2004, Lehnhoff Inc. had $75 million in cash. During 2005, the following events occurre...
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