Question: PROBLEM 13-15. Interpreting Cash Flow Data [LO 3] In the most recent fiscal year, General Cereal's statement of cash flows revealed an increase in the
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PROBLEM 13-15. Interpreting Cash Flow Data [LO 3] In the most recent fiscal year, General Cereal's statement of cash flows revealed an increase in the company's accounts receivable of $129 million. Case 529 REQUIRED a. How does an increase in accounts receivable affect a company's net cash flow from operating activities? b. If a company's accounts receivable balance is continually increasing from one year to the next, does that indicate the firm is doing a poor job of managing or collecting its accounts receivable? Explain
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