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Question 16: Dubai Refreshment Company (DFC) presents the following information: Item Accounts receivable Inventories PPE Accounts payable COGS Net sales 2020 $395,000 649,000 824,000 805,000

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Question 16: Dubai Refreshment Company (DFC) presents the following information: Item Accounts receivable Inventories PPE Accounts payable COGS Net sales 2020 $395,000 649,000 824,000 805,000 650,000 960,000 2019 405,000 531,000 700,000 663,000 580,000 860,000 Determine the cash collected from sales in 2020

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