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30 July, 06:20

The Goodyear Tire & Rubber Company's December 31, 2016, financial statements reported the following (in millions). Cash December 31, 2016 $ 1,132 Cash from operating activities 1,504 Cash from investing activities (973) Cash from financing activities (875) What did Goodyear report for cash on its December 31, 2015 balance sheet? Select one:

A. $1,476 million.

B. $2,281 million.

C. $3,711 million.

D. $ 715 million.

E. None of the above.

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  1. 30 July, 06:31
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    A. $1,476 million.

    Explanation:

    Cash at beginning of the year + cash from operating activities + Cash from investing activities + cash from financing activities

    Cash at beginning of the year + $1,504 - $973 - $875 = $1132

    Cash at beginning of the year - $344 = $1132

    Cash at the beginning of the year = $1132 + $344

    Cash at the beginning of the year = $1,476 million
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