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The financial statements of Wines, Inc., provide the following information for the current year: Dec...

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Finance

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The financial statements of Wines, Inc., provide the following information for the current year: Dec 31 (5) Jan.1 (s) Accounts receivable 210.000 180,000 Inventory 200,000 190,000 Prepaid expenses 14,000 10,000 Accounts payable (for merchandise) 176,000 161.000 Accrued expenses payable 13,000 19,000 Net sales 2,900,000 Cost of goods sold 1,500,000 Operating expenses (including depreciation of $40,000) 300,000 Wine's net cash flow from operating activities for the current year is

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