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3.Magnesium, Inc. gathered the following information at the end of each of its three most recent fiscal years: 12/31/10 12/31/11 Accounts receivable, net $148,700

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3.Magnesium, Inc. gathered the following information at the end of each of its three most recent fiscal years: 12/31/10 12/31/11 Accounts receivable, net $148,700 $175,800 Customer deposits 16,300 13,900 Accounts payable 110,500 111,200 593,200 546,400 Net sales for year Cost of goods sold for year 428,600 407,800 How much cash was collected from customers during 2011?

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