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Compute the amount of sales during the year

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Question - Derive sales revenue from data in the statement of cash flows and balance sheet. Microchem Corporation reported a balance of €5,196 million in accounts receivable at the beginning of the year and €5,334 million at the end of the year. Its statement of cash flows using the direct method reported cash collections from customers of €33,551 million for the year. Assuming that Microchem Corporation makes all sales on account, compute the amount of sales during the year.

Reference no: EM132643641

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