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CFO Corporate Income Statement- Current Year CFO Corporation Current Year Income Statement (in SMillions) Sales Cost of Goods Sold Depreciation Earnings Before Interest and Taxes

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CFO Corporate Income Statement- Current Year CFO Corporation Current Year Income Statement (in SMillions) Sales Cost of Goods Sold Depreciation Earnings Before Interest and Taxes $1,424 844 250 S330 Earnings Before Taxes Taxes Net Income S330 116 S214 Use CFO Corporation's income statement above to answer the following question. If CFO has a $76 million increase in accounts receivable, a $55 million increase in accounts payable, a $21 million decrease in inventories, and $39 million decrease in accrual expense, then the company's cash flow from operations is: $425 million $377 million $526 million $289 million O ONone of the above

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