Selected data from the financial statements of Mars & Venus Counseling Center for the years ended December 31, 2020 and 2019, are presented below:
(In thousands)2020
2019
Cash and cash equivalents$           ?
$    4,500
Total current assets (except cash)180,000
150,000
Income taxes paid5,000
2,000
Interest paid5,100
7,200
Net cash provided by operating activities9,500
6,400
Net cash used by investing activities5,100
6,300
Net cash provided by financing activities1,500
7,400
Depreciation and amortization7,000
5,000
Total stockholders' equity115,000
105,000
Net income4,000
2,000
What is the amount of cash and cash equivalents at the end of 2020?

What will be an ideal response?


Net cash provided by operating activities$  9,500Net cash used by investing activities(5,100)Net cash used by financing activities    1,500Net increase in cash$5,900Cash & cash equivalents--beginning of year    4,500Cash & cash equivalents--end of year$10,400

Business

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