Exercise 1 (Short-Term Finance and Planning)
The below table reports the $ amounts of inventory, receivables, payables, net sales and cost of good sols the XYZ Company in 200N.
Accounts
Beginning
Ending
Inventory
$10,000
$12,000
Receivables
8,000
10,000
Accounts payable
6,000
7,000
Net sales
30,000
Cost of Goods sold
14,000
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