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How much cash is received from customers

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Reference no: EM132955098

Question - ABC has the following information in its 2020 financial statements (in $millions):

Year ended 31 December 2019 2020

Net Sales 300 400

Cost of goods sold 200 300

Accounts receivable 70 60

Inventory 400 500

Accounts payable 20 100

Required -

A. How much cash is received from customers?

B. How much cash is paid to suppliers?

Reference no: EM132955098

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