Mabel Corporation (MC) reported accounts receivable of ($66) million at the end of its second fi scal

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Mabel Corporation (MC) reported accounts receivable of \($66\) million at the end of its second fi scal quarter. MC had revenues of \($72\) million for its third fi scal quarter and reported accounts receivable of \($55\) million at the end of its third fi scal quarter. Based on this information, the amount of cash MC collected from customers during the third fi scal quarter is:

A . \($61\) million.

B . \($72\) million.

C . \($83\) million.

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International Financial Statement Analysis Workbook

ISBN: 9781119628095

4th Edition

Authors: Thomas R. Robinson, Elaine Henry, Wendy L. Pirie

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