Suppose Columbia Sportswear Company (USA) had accountsreceivable of $205.025,000 at the beginning of a recent year and$267,653.000 at year end. Sales revenue was $1,085.307,000 for theyear. What is the amount of cash receipts from customers?

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Answered: Suppose Columbia Sportswear Company…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 4DQ

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Suppose Columbia Sportswear Company (USA) had accounts receivable of $205,025,000 at the beginning of a recent year and $267,653.000 at year end. Sales revenue was $1,085.307,000 for the year. What is the amount of cash receipts from customers?