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Condensed Financial Data Are Presented Below for the Phoenix Corporation

question 122

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Condensed financial data are presented below for the Phoenix Corporation:
20142013 Accounts receivable $267,500$230,000 Inventory 312,500257,500 Total current assets 670,000565,000 Intangible assets 50,00060,000 Total assets 825,000695,000 Current liabilities 252,500200,000 Long-term liabilities 77,50075,000 Sales 1,640,000 Cost of goods sold 982,500 Interest expense 10,000 Income tax expense 77,500 Net income 127,500 Cash flow from operations 71,000 Cash flow from investing activities (6,000)  Cash flow from financing activities (62,500)  Tax rate 30%\begin{array}{lrr}&2014&2013\\\text { Accounts receivable } & \$ 267,500 & \$ 230,000 \\\text { Inventory } & 312,500 & 257,500 \\\text { Total current assets } & 670,000 & 565,000 \\\text { Intangible assets } & 50,000 & 60,000 \\\text { Total assets } & 825,000 & 695,000 \\\text { Current liabilities } & 252,500 & 200,000 \\\text { Long-term liabilities } & 77,500 & 75,000 \\\text { Sales } & 1,640,000 & \\\text { Cost of goods sold } & 982,500 & \\\text { Interest expense } & 10,000 & \\\text { Income tax expense } & 77,500 & \\\text { Net income } & 127,500 & \\\text { Cash flow from operations } & 71,000 & \\\text { Cash flow from investing activities } & (6,000) & \\\text { Cash flow from financing activities } & (62,500) & \\\text { Tax rate } & 30 \% &\end{array}
-The inventory turnover for 2014 is (rounded) :

Grasp the significance of meaning in the communication process and the role of feedback in ensuring message comprehension.
Know the stages of the writing process and the importance of spending sufficient time on each phase.
Comprehend the concepts of encoding and decoding in the communication process.
Understand the selection of communication channels and the effect of noise in the communication process.

Definitions:

FOIA

stands for the Freedom of Information Act, a U.S. law that grants the public the right to request access to records from any federal agency, promoting transparency in government.

Federal Agencies

Government bodies established by the United States Congress to implement and administer specific federal laws and policies.

Providing Records

The process or action by which an individual or entity supplies or makes available documents or data as required by law or agreement.

Electronic Means

The utilization of digital or electronic equipment and technology to communicate, process, or store information.

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