Top managers of Relax Inns are reviewing company performance for 2020. The income statement reports a \(20 \%\) increase in net income over 2019. However, most of the increase resulted from a gain on insurance proceeds from fire damage to a building. The balance sheet shows a large increase in receivables. The statement of cash flows, in summarized form, reports the following:

{Requirement}
Write a memo giving Relax Inns' managers your assessment of 2020 operations and your outlook for the future. Focus on the information content of the cash-flow data.

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Net cash used for operating activities Net cash provided by investing activities. Net cash provided by financing activities.. Increase in cash during 2020... S(80,000) 40,000 50,000 $ 10,000