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A manufacturing company had depreciation of $45 million for the year and reported an increase of $13 million in its operating working capital, excluding notes

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A manufacturing company had depreciation of $45 million for the year and reported an increase of $13 million in its operating working capital, excluding notes payable. If its cash from operating activities worked out to $97 million, its net income for the period was O $129 million $65 million O $52 million O $110 million

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