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Given the information from the Income Sheet and the Receivables schedule below, then the value of Accounts Receivable in February 2017 is closest to: Total
Given the information from the Income Sheet and the Receivables schedule below, then the value of Accounts Receivable in February 2017 is closest to: Total Product Revenues Less: total cost of goods sold Gross Profit Dec-16 60,350 22,849 37,501 Jan-17 145,550 55,107 90,443 Feb-17 179,275 67,875 111,400 Operating Expense 186,102 192,254 198,611 EBIT (148,601) (101,811) (87,211) Interest Expense Depreciation Investment Income 6,826 50,950 6,718 50,950 6,609 50,950 (206,377) (159,479) (144,771) Income Before Taxes Tax Expense Net Income (206,377) (159,479) (144,771) 20% collected in the current month 80% collected in the 2nd month 0 48,280 O 143,420 0179,275
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