A firm has net sales of $3,000, cash expenses (including taxes) of $1,400, and depreciation of $500.
Question:
A firm has net sales of $3,000, cash expenses (including taxes) of $1,400, and depreciation of $500. If accounts receivable increase over the period by $400, cash flow from operations equals:
a. $1,200.
b. $1,600.
c. $1,700.
d. $2,100.
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To calculate the cash flow from operations we start with the net ...View the full answer
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Related Book For 
Fundamentals Of Investments Valuation And Management
ISBN: 9781266824012
10th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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