contestada

Utica company's net accounts receivable was $250,000 at december 31, 2016, and $300,000 at december 31, 2017. net cash sales for 2017 were $100,000. the accounts receivable turnover for 2017 was 5.0, which was computed from net credit sales for the year.

Respuesta :

Answer:

which was computed from net credit sales for the year. $1375000

Explanation:

AR turnover= Credit sales  ÷ Average AR  

                 5= Credit sales ÷ (250,000 + 300,000/2)  

     

Credit sales = 5*(250,000 + 300,000/2)    

     

 Credit sales =1375000