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The current asset section of the Moorcroft Outboard Motor Company's balance sheet reported the following...

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Accounting

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The current asset section of the Moorcroft Outboard Motor Company's balance sheet reported the following amounts: 12/31/2021 $400,000 12/31/2020 $300,000 Accounts receivable, net The average collection period for 2021 is 50 days. Required: Determine net sales for 2021. (Use 365 days in a year. Do not round intermediate calculations.) Net sales

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