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Selected financial statement data for California Ltd, at its December 31 year end is below 2018 2022 Current Assets Cash $32,000 Accounts Receivable $247,500 $21,750

Selected financial statement data for California Ltd, at its December 31 year end is below 2018 2022 Current Assets Cash $32,000 Accounts Receivable $247,500 $21,750 $299,000 Inventory $2,762,300 $2,668,425 Prepaid expenses $6.200 $9.875 Total Current Assets $2.141.500 $1.986.000 Current Liabilities $3,048,000 $2,999,050 Net Credit Sales $2,238,000 $2,448,000 California's credit terms are net 30 days. A 2% discount can be taken if the bill is paid within 10 days from the invoice date. In 2018, California collects its accounts receivable Multiple Choice Graded Quiz Within the 30 days, as required by its credit terms After the 30-day terms passed Within the 10-day discount period More information is needed to answer this question. Within the 20 days, as required by its credit term Savil Help Save & Exi

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