The three primary determinants of a firm's cash flows are: (1) sales revenues; (2) operating expenses, such

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The three primary determinants of a firm's cash flows are: (1) sales revenues; (2) operating expenses, such as raw materials costs and labor costs; and (3) the necessary investments in operating capital, such as buildings, equipment, and inventory.

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Financial Management Theory And Practice

ISBN: 9780324259681

11th Edition

Authors: Eugene F Brigham, Michael C Ehrhardt

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