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.
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.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Blue Bayou, a fi ctitious advertising company, reported revenues of $50 million, total
expenses of $35 million, and net income of $15 million in the most recent year. If
accounts receivable decreased by $12 million, how much cash did the company receive
from customers?
A . $38 million.
B . $50 million.
C . $62 million.
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