(3) Accounts payable of $50,000 are paid off with cash. Chapter 12 Financial Ratio A n a...
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(3) Accounts payable of $50,000 are paid off with cash.
Chapter 12 Financial Ratio A n a l y s i s 375
(4) Accounts receivable of $75,000 are collected.
(5) Long-term debt of $200,000 is raised for investment in inventories
($100,000) and to pay down short-term borrowings ($100,000).
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