A firm has net sales of $6,000, cash expenses (including taxes) of $2,800, and depreciation of $1,000. If accounts receivable increased in the period by $800, cash flows from operations equal
A. $2,400
B. $3,200
C. $3,400
D. $4,200
Answer: A
A firm has net sales of $6,000, cash expenses (including taxes) of $2,800, and depreciation of $1,000. If accounts receivable increased in the period by $800, cash flows from operations equal
A. $2,400
B. $3,200
C. $3,400
D. $4,200
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