Need Answer with Helping Calculation of this Question Columbia Sportswear Company had accounts receivable of$299,585,000 at January 1, 2009, and $226,548,000 atDecember 31, 2009. Sales revenues were $1,244,023,000 forthe year 2009.What is the amount of cash receipts from customers in2009?

Step 1: Definition of Sales:Sales are the major component of the revenue generation activities of…

Answered: Columbia Sportswear Company had…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Columbia Sportswear Company had accounts receivable of $299,585,000 at January 1, 2009, and $226,548,000 at December 31, 2009. Sales revenues were $1,244,023,000 for the year 2009. What is the amount of cash receipts from customers in 2009?