what are the effects of these collections on the business rsquo s financial conditio 626212

A business sells only to other businesses and makes all sales on credit; it doesn’t have any cash sales or advance payment sales. During the year, the business made $35,000,000 sales. From these sales, the business collected $31,500,000 during the year, and it also collected the $3,250,000 receivables balance at the start of the year. What are the effects of these collections on the business’s financial condition?