In 1998, PepsiCo reported an increase in accounts receivable of $303 million, and an increase in inventory of $284 million. They also experienced an increase in short-term borrowings of $3,921 million and an increase in accounts payable of $253 million. Calculate the net cash effect of these changes.
a. $3,587 million decrease.
b. $4,761 million increase.
c. $3,587 million increase.
d. $4,761 million decrease.