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1. Estimate cash collected from customers during fiscal 2020. Assume that only Accounts receivables trade relates to customers and that product sales are presented net
1. Estimate cash collected from customers during fiscal 2020. Assume that only "Accounts receivables trade" relates to customers and that product sales are presented net of bad debt expense. Answer: $471,517 (in thousands) Cash Collected from Customers= Net Product Sales + (Beginning A/R - Ending /AR) Cash Collected from Customers= $467,427 + ($46,993-$42,903) Cash Collected from Customers= $467,427 + $4,090 Cash Collected from Customers= $471,517 2. Estimate cash paid to suppliers during fiscal 2020. Assume that all accounts payable relate to suppliers. Answer: $299,405 (in thousands) Cash Paid to Suppliers = Product Cost of Sold + (Beginning A/P - Ending A/P Cash Paid to Suppliers = $299,710 + ($12,720 - $13,025) Cash Paid to Suppliers = $299,710 + (-$305) Cash Paid to Suppliers = $299,405
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