Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
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Transcribed Image Text:Blue Sky Airlines had sales revenue of $200,000,000, cost of goods sold of $90,000,000, sales
and administrative costs of $25,000,000, depreciation expense of $20,000,000, and a tax rate of
35%. What is the operating cash flow for the year? A company generated $192.64 million in
sales revenue, with accounts receivable increasing by $26.78 million. The company also
processed a customer return worth $3.15 million. How much cash was received from customers?
Options:
a. $165.86 million
b. $197.34 million
c. $209.57 million
d. $190.42 million
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