fenil 12 April 2020 at 16:56 PM

Bill Jones dba International Enterprises is a sole proprietorship. The company was unprofitable during the past year. However, it had more cash at the end of the year than it had at the beginning. Which of the following could account for this? a) Mr. Jones took more out in drawings this year than last year. b) The company sold some fixed assets during the year. c) The number of days’ sales in receivables was higher this year than it was last year. d) Deposits and prepaids were higher at the end of this year than at the end of last year.