Question
Consider the following financial statement information for the Rivers Corporation: Item Beginning Ending Inventory $ 10,100 $ 11,100 Accounts receivable 5,100 5,400 Accounts payable 7,300
| Consider the following financial statement information for the Rivers Corporation: |
| Item | Beginning |
|
|
|
| Ending |
| |||
| Inventory | $ | 10,100 |
|
|
|
| $ | 11,100 |
| |
| Accounts receivable |
| 5,100 |
|
|
|
|
| 5,400 |
| |
| Accounts payable |
| 7,300 |
|
|
|
|
| 7,700 |
| |
| Net sales |
|
|
| $ | 81,000 |
|
|
|
| |
| Cost of goods sold |
|
|
|
| 61,000 |
|
| |||
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International Financial Management
Authors: Jeff Madura
3rd Edition
0314862722, 978-0314862723
