contestada

Kephlee is an amusement park operator and provided the following select financial data:

($ in millions) December 31, 2020
Revenue $121.5
Cash proceeds from the sale of a merry go round $15.4
Cash flows from operations $121.4
December 31, 2019 December 31, 2020
Accounts receivable 95.4 123.5
Deferred revenue 34.6 45.6
Based on the information provided, what were cash sales during 2020?

A. $136.9
B. $119.8
C. $104.4
D. $93.4
E. $82.4

Respuesta :

Answer:

Option C is correct answer.

$104.4

Explanation:

Cash sales = revenue + change in accounts receivable + change in deferred revenue

= 95.4+121.5-123.5+(45.6-34.6)  

= $104.40

Otras preguntas