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The financial statements of New World, Inc., provide the following information for the current year: (20 Polnts, 5 Pts. Each) Accounts receivable Inventory Prepaid expenses
The financial statements of New World, Inc., provide the following information for the current year: (20 Polnts, 5 Pts. Each) Accounts receivable Inventory Prepaid expenses Accounts payable (for merchandise) Accrued expenses payable Net sales Cost of goods sold Operating expenses (including depreciation of $94,500) Dec. 31 Jan. 1 $273,000 $241,500 $262,500 $252,000 $67,200 $63,000 $237,300 $221,550 $66,150 $72,450 $3,097,500 $1,627,500 $367,500 Format B 1 1. Compute the amount of cash received from customers during the current vear
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