You have the following information from Ethan Hunt at Mission Impossible Group: The...
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Finance
You have the following information from Ethan Hunt at Mission Impossible Group:
The spy business had revenues of $16,000,000 and expenses of $3,000,000. They have nothing to depreciate. They did, however, make the following changes to their operation, which proved vital to the success of the mission:
Accounts Receivable Beginning Y1, $1,200,000 and end of $4,500,000
Accounts Payable Beginning Y1, $600,000 and end of $200,000.
Calculate MI Groups net cash flow for their spy business during this period.
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