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pic 12: Analysis of Financial Statements The financial statements of York, Incorported, provide the following information for the current year: December 31 January 1 Accounts
pic 12: Analysis of Financial Statements The financial statements of York, Incorported, provide the following information for the current year: December 31 January 1 Accounts receivable $136,500 $120,750 Inventory $131,250 $126,000 Prepaid expenses $33,600 $31,500 Accounts payable (for merchandise) $118,650 $ 110,775 Accrued expenses payable $33,075 $36,225 Not sales $1,548,750 Cost of goods sold $813,750 Operating expenses (including depreciation of $47,250 ) $183,750 What is the amount of cash received from customers during the current year? Select one: a. $1,564,500 b. $1,548,750 c. $1,533,000 d. $1,806,000
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