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3 Using the balance sheet data below, if the firm reported sales of $3,784,000 in 2017, what amount did it collect in cash from customers

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3 Using the balance sheet data below, if the firm reported sales of $3,784,000 in 2017, what amount did it collect in cash from customers during the same year. 5 s $ Assets Cash Accounts Receivable Inventory Total Current Assets Net Fixed Assets Total Assets S s 2017 341,000 $ 722,000 S 595,000 $ 1,658,000 $ 1.822.000 $ 3,480,000 $ 2016 276,000 642.000 512.000 1,430,000 1,691,000 3,121,000 Liabilities & Equity Accounts Payable Operating Accruals Short-Term Debt (N/P) Total Current Liabilities Long-Term Debt Total Liabilities Total Stockholders' Equity Total Liabilities & Equity 2017 2016 5 332.000 $ 288.000 $ 343,000 $ 335.000 $ 503,000 $ 491,000 s 1,178,000 $ 1,114,000 $ 637,000 $ 478,000 S 1,815,000 $ 1,592,000 5 1.665,000 $ 1.529,000 S 3,480,000 $ 3,121,000 s s $3,784,000 $3,062,000 $3,704,000 $3,864,000

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