What is the maximum amount of cash that the global satellite

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Reference no: EM13847153

Global Satellite Corp. reported net sales of $450 million last year and generated a net income of $99 million. Last year's accounts receivable increased by $14 million. What is the maximum amount of cash that the Global Satellite Corp. received from sales last year?

a. 113 million

b. 218 million

c. 327 million

d. 436 million

Reference no: EM13847153

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