Your company collected $326.00 million and spent $387.00 million this month. If previous month's cash position (cumulative cash) is $12.87 million, what's the company's ending cash position at the end of this month? Note: your answer should be in millions of dollars

Your company collected $326.00 million and spent $387.00 million this month. If previous month's cash position (cumulative cash) is $12.87 million, what's the company's ending cash position at the end of this month? Note: your answer should be in millions of dollars

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section4.2: Future Values

Problem 4ST

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