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The following information is available from the financial statements of NuQue Corp.: As of 12/31/20: Accounts receivable $4,300,000 As of 12/31/19: Accounts receivable $3,000,000 For
The following information is available from the financial statements of NuQue Corp.: As of 12/31/20: Accounts receivable $4,300,000 As of 12/31/19: Accounts receivable $3,000,000 For the year ended 12/31/20: Sales revenue $58,000,000 Net income $5,220,000 Assuming that all sales are credit sales, determine the amount of cash that NuQue Corp. collected fro ts cu omers during 2020. Numeric Response
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