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The following information is taken from Reagan companies December 31 balance sheet: if net credit sales for the current year were 609,500, the firms days
The following information is taken from Reagan companies December 31 balance sheet: if net credit sales for the current year were 609,500, the firms days sales uncollected for the first year is: (365 days a year) Cash and cash equivalents Accounts receivable Merchandise inventories Prepaid expenses Accounts payable Notes payable Other current liabilities $ 8,819 72,422 62,362 4,500 $15,350 88,638 9,900
The following information is taken from Reagan companies December 31 balance sheet:
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