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Question 2 You are provided with the following information about a company at the end of its first year of operations: Closing Inventory: 64,000

Question 2 You are provided with the following information about a company at the end of its first year of operations: Closing Inventory: 64,000 Gross Profit: 172,000 Credit Sales: 150,000 Purchases of inventory in cash: 130,000 Credit inventory purchases: 56,000 Calculate the amount of cash sales made by the company during that year. Page 2 of 11 (4 marks)

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