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23. The following selected account balances and other operational information is available for Lizzies Clothing Barn, Inc.: December 31, 20X4 Accounts receivable (net)....... $250,000 December
23. The following selected account balances and other operational information is available for Lizzies Clothing Barn, Inc.: December 31, 20X4 Accounts receivable (net)....... $250,000 December 31, 20X5 Accounts receivable (net)....... $300,000 Cash sales. $600,000 Accounts receivable turnover 5 Inventory turnover. 8 Lizzies Clothing Barn, Inc.s total sales for 20X5 were: a. $1,190,000 b. $1,975,000 c. $1,375,000 d. $2,800,000
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