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Business, 09.07.2021 22:20 maryam615

Zoe's Dog Biscuits, inc, has net cash flows from operating activities for the last year of $226 million. The income statement shows that net income in $150 million and depreciation expense is $85 million. During the year, the change in inventory on the balance sheet was an increase of $14 million, change in accrued wages and taxes was an increase of $15 million and change in accounts payable was an increase of $10 million. At the beginning of the year the balance of accounts receivable was $45 million. What was the end of year balance for accounts receivable? A. $20 million
B. $25 million
C. $45 million
D. $65 million

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Zoe's Dog Biscuits, inc, has net cash flows from operating activities for the last year of $226 mill...
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