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Jasmine Co. reported total revenues of $250 million, total expenses of $120 million, and net income of $70 million in 2020. If accounts receivable decreased
Jasmine Co. reported total revenues of $250 million, total expenses of $120 million, and net income of $70 million in 2020. If accounts receivable decreased by $15 million, then how much cash did the company collect from its receivables in that year?
a. $265 million
b. $235 million
c. $115 million
d. $145 million
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