Clarion Industries Manufactures Computer Equipment and Provides Financing for Purchases

Essay

Clarion Industries manufactures computer equipment and provides financing for purchases by its customers.Clarion reported sales and interest revenues of $61,324 million for 2010.The
balance sheet showed current and noncurrent receivables of $25,752 million at the beginning
of 2010 and $28,448 million at the end of 2010.Compute the amount of cash collected
from customers during 2010.