Caterpillar manufactures heavy machinery and equipment and provides financing for purchases by its customers. Caterpillar reported sales

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Caterpillar manufactures heavy machinery and equipment and provides financing for purchases by its customers. Caterpillar reported sales and interest revenues of $51,324 million for 2008. The balance sheet showed current and noncurrent receivables of $15,752 million at the beginning of 2008 and $18,448 million at the end of 2008. Compute the amount of cash collected from customers during 2008.


Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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