Cater pillar manufactures heavy machinery and equipment and provides financing for purchases by its customers. Caterpillar reported

Question:

Cater pillar manufactures heavy machinery and equipment and provides financing for purchases by its customers. Caterpillar reported sales and interest revenues of $30,251 million for Year 4. The showed current and noncurrent receivables of $18,987 million at the beginning of Year 4 and $23,308 million at the end of Year 4. Compute the amount of cash collected from customers during Year 4. Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...