Acompany reports a net loss of $773 million, cash flows from operating activities of $(124) million, cash flows from investing activities of $(1,416) million, and cash flows from financing activities of $3,744 million. what is your best estimate of the change in cash on the balance sheet during the year? a. $(773) million b. $2,204 million c. $1,431 million d. $(897) million

c. $1,431 million

Explanation:

The computation of the change in cash on the balance sheet is shown below:

= Cash flows from financing activities + net loss + cash flows from operating activities + cash flow from investing activities

= $3,744 million - $773 million - $124 million - $1,416

= $1,431 million

We adjusted the net loss as the operating activity is given without considering the net loss.

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