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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Related Book For
International Financial Statement Analysis Workbook
ISBN: 9781119628095
4th Edition
Authors: Thomas R. Robinson, Elaine Henry, Wendy L. Pirie
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