Utica Companys net accounts receivable was ($250,000) at December 31, 2007 and ($300,000) at December 31, 2008.

Question:

Utica Company’s net accounts receivable was $$250,000$ at December 31, 2007 and $$300,000$ at December 31, 2008. Net cash sales for 2008 were $$100,000$. The accounts receivable turnover for 2008 was 5.0, which was computed from net credit sales for the year.
Required:
What was Utica’s total net sales for 2008?

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