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What are the firm sales and net income

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Question - In April, Candy Canes, Inc., buys $50,050 of raw materials, sugar, and peppermint, and pays for them in May. In May it uses all of the raw materials to produce candy. Total cost of the candy is $99,950 and all costs are paid in May. All candy is sold to distributors in May for $150,100, but it does not receive payment until June. For each month, what are the firm's sales, net income, and operating cash flow?

Reference no: EM133127044

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