Chriss outdoor furniture inc has net cash flows from


Chris’s Outdoor Furniture, Inc., has net cash flows from operating activities for the last year of $410 million. The income statement shows that net income is $385 million and depreciation expense is $51 million. During the year, the change in inventory on the balance sheet was $41 million, change in accrued wages and taxes was $21 million, and change in accounts payable was $32 million. At the beginning of the year, the balance of accounts receivable was $51 million. Calculate the end-of-year balance for accounts receivable.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Chriss outdoor furniture inc has net cash flows from
Reference No:- TGS02659240

Expected delivery within 24 Hours