3--6p

Three categories activities (operating, investing, and financing) generate or use the cash flow in a company. In the following table, type of activity is described by each statement. Len Corp. reported net sales of $450 million last year and generated a net income of $99 million. Last year's accounts receivable increased by $8 million. What is the maximum amount of cash that Len Corp. received from sales last year? $221 million $442 million $332 million $107 million