答案和详解如下: Q32. A 07 Modular Level 1, Vol.3,pp.129-135 Study Sessions 7-36-b Sales, net income, and net margin are relatively constant for the two years. The substantial drop in cash flow from operations could be attributed to an increase in receivables and/or inventory. A decrease in the proportion of cash sales implies an increase in the proportion of credit sales, increasing accounts receivable. An increase in accounts receivable would decrease cash flow from operations. |