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Lucky Corp. reported net sales of $350 million last year and generated a net income of $77 million. Last year's accounts receivable increased by $20
Lucky Corp. reported net sales of $350 million last year and generated a net income of $77 million. Last year's accounts receivable increased by $20 million. What is the maximum amount of cash that Lucky Corp. received from sales last year?
a.) $330 million
b.) $97 million
c.) $165 million
d.) $248 million
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