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  3. (3 points) jr, inc reported the following for 2019

(3 points) JR, Inc reported the following for 2019 and 2020. What was the impact...

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Question

Finance

  1. (3 points) JR, Inc reported the following for 2019 and 2020. What was the impact on cash from the change in A/R from year to year?

2019

2020

A/R Days on Hand

35

55

Net Sales

$12,200,000

$11,500,000

Cost of Goods Sold

$6,400,000

$6,300,000
  1. (6 points) Refer to the table below to complete the cash flow table provided (six highlighted answers). Enter the final CHANGE IN CASH number for your answer to this question.

2019

2020

Cash + / -

Subtotal

Net Sales

$1,640,000

A/R (12/31)

$380,000

$420,000

CASH FROM SALES

Cost of Goods Sold

-$670,000

Inventory (12/31)

$480,000

$425,000

A/P (12/31)

$125,000

$108,000

CASH PROD COSTS

CHANGE IN CASH

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