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Value Added Inc. buys $17 million of sow's ears at the beginning of January but...

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Accounting

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Value Added Inc. buys $17 million of sow's ears at the beginning of January but doesn't pay immediately. Instead, it agrees to pay the bill in March. It processes the ears into silk purses, which it sells for $18 million in February. However, it will not collect payment on the sales until April. (Leave no cells blank - be certain to enter "O" wherever required. Negative amounts should be indicated by a minus sign. Enter your answers in millions, not in thousands of dollars.) a. What is the firm's net income in February? b. What is its net income in March? c. What is the firm's net new investment in working capital in January? d. What is its net new investment in working capital in April? e. What is the firm's cash flow in January? f. What is the firm's cash flow in February? g. What is the cash flow in March? h. What is the cash flow in April? a. million million b. c. million d. Net income in February Net income in March Net new investment in working capital in January Net new investment in working capital in April Cash flow in January Cash flow in February Cash flow in March Cash flow in April million million e. f. million g. million h. million

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