Global satellite corp reported net sales of 450 million, Financial Management

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Global satellite corp reported net sales of 450 million

Global Satellite Corp. reported net sales of $450 million last year and generated a net income of $99 million. Last year's accounts receivable increased by $14 million. What is the maximum amount of cash that the Global Satellite Corp. received from sales last year?

a. 113 million

b. 218 million

c. 327 million

d. 436 million

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Financial Management: Global satellite corp reported net sales of 450 million

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Financial Management: Global satellite corp reported net sales of 450 million

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