Blue Bayou, a fi ctitious advertising company, reported revenues of $50 million, totalexpenses of $35 million, and net income of $15 million in the most recent year. Ifaccounts receivable decreased by $12 million, how much cash did the company receivefrom customers?A . $38 million.B . $50 million.C . $62 million.

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A: WORKING CAPITAL Working Capital is the Difference between Current Assets & Current Liabilities.…

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A: Solution:- Net income means the net profit earned by a firm on its sales. So, net income = Sales x…

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A: Hello. Since your question has multiple parts, we will solve first question for you. If you want…

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A: Allowance for uncollectible accounts is allowance made for bad and doubtful debts. This allowance…

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Q: A firm had credit sales of $15,750,000 last year and its days sales outstanding was 65 days.  What…

A: Given, Credit sales = $15,750,000. Days sales outstanding = 65 days.

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A: RETURN ON INVESTMENT  Return on investment is the Ratio between Net Operating Income & Average…

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A: Shareholder equity helps investors and other companies in analyzing the growth or financial position…

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Q: Sales reported on the income statement were $690,000. The accounts receivable balance declined…

A: The account receivables are the current assets of the business and are recorded in the balance…

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A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

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A: Return on Assets:                         Return on assets denotes the relationship between a…

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A: “Since you have asked multiple questions, we will answer the first question for you. If you want any…

Q: Rappaport Corp.'s sales last year were $375,000, and its net income after taxes was $23,000. What…

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A: Cash conversion cycle shows the number of days in which the company could efficiently collect and…

Q: am. 115.

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Q: Total assets

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A: given, sales = $32 million total assets = $25 million total debt = $7 million.

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A: The provided information are: ROA = 6% Profit margin = 12.80% Sales = $15 Million

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A: Working notes       1 Cash Received  from customer             Million        Credit Sales…

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Q: ABC's sales for this year were $32,250,000 and the Accounts Receivable Turnover Ratio was 15.5. Next…

A: Given, ABC's sales for this year were $32,250,000  &  Accounts Receivable Turnover Ratio was…