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ABC Corp. reported $50 billion in revenues for year 2021. Accounts receivable increased from $12 billion in 2020 to $13 billion in 2021. Inventories
ABC Corp. reported $50 billion in revenues for year 2021. Accounts receivable increased from $12 billion in 2020 to $13 billion in 2021. Inventories increased from $5 billion in 2020 to $6 billion in 2021. Unearned revenue increased from $10 billion in 2020 to $15 billion in 2021. Judging solely from the information given, what was the net amount of cash received from business in 2021 (billions)?
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Financial Statement Analysis and Security Valuation
Authors: Stephen Penman
5th edition
78025311, 978-0078025310
