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Category > Business & Finance Posted 02 Jun 2017 My Price 8.00

ChrisAc€?cs Outdoor Furniture, Inc., has net cash flows

ChrisAc€?cs Outdoor Furniture, Inc., has net cash flows from operating activities for the last year of $420 million. The income statement shows that net income is $395 million and depreciation expense is $52 million. During the year, the change in inventory on the balance sheet was $42 million, change in accrued wages and taxes was $22 million, and change in accounts payable was $33 million. At the beginning of the year, the balance of accounts receivable was $52 million.

  

Calculate the end-of-year balance for accounts receivable. (Enter your answer in millions of dollars.)
  Accounts receivable $  m

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Status NEW Posted 02 Jun 2017 04:06 AM My Price 8.00

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