Playdough Products earned net income of $500,000 in 2011.The firm increased its accounts receivable during the year by $220,000.The book value of its assets declined by the year's depreciation charge,which was $140,000,and the market value of its assets increased by $50,000.Based only on this information,how much cash did Playdough Products generate during the year? Please ignore taxes for this problem.

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The Answer of Playdough Products earned net income of $500,000 in 2011.The firm increased its accounts receivable during the year by $220,000.The book value of its assets declined by the year's depreciation charge,which was $140,000,and the market value of its assets increased by $50,000.Based only on this information,how much cash did Playdough Products generate during the year? Please ignore taxes for this problem.

Playdough Products Earned Net Income of $500,000 in 2011