medium · Principles of Finance

A firm has Net Income of 200,000. During the year, Inventory increased by 40,000. The firm also recognized 10,000 in bad debt expense, which reduced the Accounts Receivable balance.

What is the CFO assuming no other changes?

  1. 230,000
  2. 170,000
  3. 150,000
  4. 250,000

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