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Suppose Columbia Sportswear Company had accounts receivable of $302,580,850 at January 1, 2022, and $228,813,480 at December 31, 2022. Assume sales revenue was $1,256,463,230 for the year 2022. What is the amount of cash receipts from customers in 2022?

Suppose Columbia Sportswear Company had accounts receivable of $302,580,850 at January 1, 2022, and $228,813,480 at December 31, 2022. Assume sales revenue was $1,256,463,230 for the year 2022. What is the amount of cash receipts from customers in 2022?

FINANCIAL ACCOUNTING
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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Suppose Columbia Sportswear Company had accounts receivable of $302,580,850 at January 1, 2022, and $228,813,480 at December 31, 2022. Assume sales revenue was $1,256,463,230 for the year 2022. What is the amount of cash receipts from customers in 2022?
Transcribed Image Text:Suppose Columbia Sportswear Company had accounts receivable of $302,580,850 at January 1, 2022, and $228,813,480 at December 31, 2022. Assume sales revenue was $1,256,463,230 for the year 2022. What is the amount of cash receipts from customers in 2022?
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