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The following current year information is available from a manufacturing company: Sales Gross profit on sales Operating income Income before taxes Net income $ 741,000

The following current year information is available from a manufacturing company: Sales Gross profit on sales Operating income Income before taxes Net income $ 741,000 276,000 64,000 44,000 33,600 Accounts Receivable, beginning-year 70,720 Accounts Receivable, end-of-year 59,280

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