In 2016, Lightening Consolidated Corp. reported sales of $500 million, COGS of $300 million, an increase in accounts receivable of $50 million, a decrease in
In 2016, Lightening Consolidated Corp. reported sales of $500 million, COGS of $300 million, an increase in accounts receivable of $50 million, a decrease in inventory of $60 million, and a decrease in accounts payables of $45 million. How much cash did the company receive from customers and pay to its suppliers?
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Authors: Judith J. Baker, R.W. Baker, Neil R. Dworkin
5th Edition
1284118215, 978-1284118216
