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Andrew is an accountant in Huawei Company. He found the recent two years financial statements and said: in 2021, the business generated $200 million in
Andrew is an accountant in Huawei Company. He found the recent two years financial statements and said: in 2021, the business generated $200 million in cash from operating activities as compared to $300 million in 2020 and $220 million in 2019. The primary reason for the decrease this year was an increase in merchandise inventories. Required: Could you explain why Andrew gave this statement?
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