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Minta Corporation, is a leading manufacturer of sports apparel, shoes, and equipment. The companys 2020 financial statements contain the following information ($ in millions): 2020
Minta Corporation, is a leading manufacturer of sports apparel, shoes, and equipment.
The companys 2020 financial statements contain the following information ($ in millions):
2020 2019 Balance sheets: Accounts receivable, net $ 3,519 $ 5,042
Allowance for uncollectible accounts 228 72
Income statements: Sales revenue $ 39,573
Statement of Cash Flows: Amortization, impairment and other 412
Decrease in accounts receivable 1,253
Assume that all sales are made on a credit basis.
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