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4. Use the following data for the DQR Company to answer the question below. Note that the balance sheet accounts listed below are the only
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Use the following data for the DQR Company to answer the question below. Note that the balance sheet accounts listed below are the only items on the company's balance sheet for each year and the income statement accounts are the only items on the company's income statement for each year. w Item Accounts payable Accounts receivable Accruals Capital surplus Cash Common stock Cost of goods sold Depreciation expense Interest expense Inventory Long-term debt Net fixed assets Notes payable Operating expense Retained earnings Sales Taxes Year 1 550 510 1000 300 300 2000 4000 200 170 3000 1500 2700 750 300 ? 5000 120 Year 2 230 ? 1,190 200 590 2,230 4600 350 190 3,210 1,610 2,570 600 430 870 6000 140 In Year 2, accounts receivable was TUUU "TUUU 350 190 LUSL01 Buus s01 Depreciation expense 200 Interest expense 170 Inventory 3000 Long-term debt 1500 Net fixed assets 2700 Notes payable 750 Operating expense 300 Retained earnings ? Sales 5000 Taxes 120 In Year 2, accounts receivable was 3,210 1,610 2,570 600 430 870 6000 140 Compute your answer as a whole number rounded (if necessary) to zero decimal places. Enter your answer without a dollar sign and without any commas. Your Answer: Answer Previous Page Next Page Page 40 Step by Step Solution
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