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35. Red River Inc. reported total gross revenues of $100 million and total expenses of $80 million for its most recent fiscal year. If the
35. Red River Inc. reported total gross revenues of $100 million and total expenses of $80 million for its most recent fiscal year. If the company's accounts receivable also increased during the FY by $10 million, how much cash did the company receive from tis customers? a. $90 million b. $100 million C. $20 million d. $110 million 36. Green River Inc. reported cost of goods sold for its most recent FY of $80 million, an increase in inventory of $5 million, and an increase in accounts payable of $2 million. The cash paid by the company to its suppliers is most likely a. $73 million b. $77 million C. $83 million 37. You have the following information for Star, Inc. for its 2017 FY Net Income $20 million Depreciation $2 million Accounts receivable $3 million decrease from the previous FY Inventory $4 million increase from the previous FY Accounts payable $5 million increase from the previous FY What is Star's operating cash flow for FY 2017? a. $22 million b. $26 million C. $14 million
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