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Given the following fact pattern, what is the cash impact of the change in current assets and current liabilities for Company A in Fiscal Year

Given the following fact pattern, what is the cash impact of the change in current assets and current liabilities for Company A in Fiscal Year 2023? (Note: numbers enclosed in parenthesis indicate negative numbers, e.g. ($20) is equivalent to -$20.)

FY 2022 FY 2023

COMPANY A:

Current Assets $500 $700

Current Liabilities 500 650

 

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