Microsoft: What was the cash generated from revenues in 2004
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Microsoft Corp. reported $36.835 billion in revenues for fiscal year 2004. Accounts receivable, net of allowances, increased from $5.196 billion in 2003 to $5.890 billion. Microsoft has been criticized for underreporting revenue. Revenue from software licensed to computer manufacturers is not recognized in the income statement until the manufacturer sells the computers. Other revenues are recognized over contract periods with customers. As a result, Microsoft reported a liability, unearned income revenue of $6,514 billion in 2004, down from $7.225 billion in 2003. What was the cash generated from revenues in 2004?
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The solution finds out how Microsoft generated cash from revenues in 2004.
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