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A firm had Net Income of $20 million, Depreciation of $2 million, $3 million net increase in Net Working Capital, and $40 million in cash

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A firm had Net Income of $20 million, Depreciation of $2 million, $3 million net increase in Net Working Capital, and $40 million in cash received from customers, Use the indirect approach to determine the firms Net Operating Cash Flow. 25 19 77 60

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