Determine the increase or decrease in cash for Rinky Supply Company for last year, given the following information.(Assume no other changes occurred during the past year.)

Question

Quizplus · Accepted Answer

From the given information, we can see that Rinky Supply Company's cash from operations increased by $20, but they also spent $50 on purchasing new equipment. Therefore, their net decrease in cash is $30 ($20 - $50 = -$30).

Determine the Increase or Decrease in Cash for Rinky Supply