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Toyota Company reports the following in its financial statements

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Toyota Company reports the following in its financial statements:

2004 2005
Accounts receivable, net $34,289K $29,678K
Net sales $360,007K $440,778K

How much did the company collect in cash for sales during 2005

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Solution Summary

The solution examines Toyota Company financial statements. How much a company collects in cash for sales during 2005 is determined.

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