Globo- chem co reported net sales of 500 million last year


Globo- Chem Co. Reported net sales of $500 million last year and generated a net income of $110 million. Last year's accounts receivable increased by $8million. What is the maximun amount of cash that Globo-Chem Co received from sales last year?

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Financial Management: Globo- chem co reported net sales of 500 million last year
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