Len Corp. reported net sales of $300 million last year and generated a net income of $66.00

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Len Corp. reported net sales of $300 million last year and generated a net income of $66.00 million. Last years accounts receivable increased by $29 million.

What is the maximum amount of cash that Len Corp received from sales last year?

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Financial Accounting and Reporting a Global Perspective

ISBN: 978-1408076866

4th edition

Authors: Michel Lebas, Herve Stolowy, Yuan Ding

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Posted Date: Jul 03, 2023 03:31 AM

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Len Corp. reported net sales of $300 million last year and generated a net income of $66.00

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Financial Accounting and Reporting a Global Perspective

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