Solve with explanation and accounting question If a company's sales revenue was $180.5 million, and their accounts receivableincreased by $15.8 million, while also having prepaid expenses of $9.3 million,what was the cash received from customers? Options:a. $164.7 millionb. $173.7 millionc. $189.8 milliond. $155.4 million

Step 1: Definition of Cash Received from CustomersCash Received from Customers refers to the actual…

Answered: If a company's sales revenue was $180.5…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

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If a company's sales revenue was $180.5 million, and their accounts receivable increased by $15.8 million, while also having prepaid expenses of $9.3 million, what was the cash received from customers? Options: a. $164.7 million b. $173.7 million c. $189.8 million d. $155.4 million