Reference no: EM131197568
Chris’s Outdoor Furniture, Inc., has net cash flows from operating activities for the last year of $380 million. The income statement shows that net income is $355 million and depreciation expense is $48 million. During the year, the change in inventory on the balance sheet was $38 million, change in accrued wages and taxes was $18 million, and change in accounts payable was $29 million. At the beginning of the year, the balance of accounts receivable was $48 million. Calculate the end-of-year balance for accounts receivable. (Enter your answer in millions of dollars.) Accounts receivable $ m
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Calculate the end-of-year balance for accounts receivable
: Chris’s Outdoor Furniture, Inc., has net cash flows from operating activities for the last year of $380 million. The income statement shows that net income is $355 million and depreciation expense is $48 million. Calculate the end-of-year balance for..
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