Drolet and Associates is a business consulting firm. It provides advice, planning, and
business and investment strategies to its clients. Make a cash flow statement (in thousands of dollars) for Drolet and Associates from the following information.
Jan.
1 Cash balance $90 000
Cash from consulting revenue $1500 000
Payments for operating expenses, $1200 000
Depreciation 25 000
Dividends paid to shareholders $100 000
Income tax payments $60 000
Loan payments $90 000
Equipment purchases $50 0000
(b) Comment on the company’s cash position
please put this in a format that can be transferred to google sheets thank you 🙂
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