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Required latioemation

Use the following information for the Problems below, $($Algo$)$

The following information apples to the questions displayed below$)$

Forten Company's current year income statement, comparative balance sheets, and addicinal information follow. For the yest

$($f$)$ all sales are credt sales,

$(2)$ all credits to Accounts Rece$-$vable rellect cash receipts from consters.

The stilly purchases of lineurlory are on credit, and

$(4)$ all debits to Accounts Payable refiect cash payments for lineratory.

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