Question: Please ignore taxes for this problem. During 2010, Mead, Inc. earned a net income of $400,000. The firm increased its accounts receivable during the year

Please ignore taxes for this problem. During 2010, Mead, Inc. earned a net income of $400,000. The firm increased its accounts receivable during the year by $250,000. The book value of its assets declined by an amount equal to the year's depreciation charge, or $180,000, and the market value of its assets increased by $20,000. Based only on this information, how much cash did Mead generate during the year?

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