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[ The following information applies to the questions displayed below ] Income statements for the current year and one year ago, follow. Assume that all

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[The following information applies to the questions displayed below]
Income statements for the current year and one year ago, follow. Assume that all sales are on credit.
Year-end balance sheets follow.
\table[[At December 31,Current Year,1 Year Ago,2 Years Ago],[Assets,33,527,$40,806,40,030],[Cash,100,176,76,763,55,008],[Accounts receivable, net,123,434,94,363,59,175],[Inventory,10,908,10,605,4,584],[Prepaid rent,317,781,288,545,253,803],[Machinery, net,$585,826,$505,022,$412,600
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