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Bunnicula Holdings reported cash sales in 2014 of $220,000. Accounts receivable at the beginning of the year totaled $420,000, with a balance of $490,000 at
Bunnicula Holdings reported cash sales in 2014 of $220,000. Accounts receivable at the beginning of the year totaled $420,000, with a balance of $490,000 at the end of the year. If the company's accounts receivable turnover is 3.5 for the year, how much are its total sales for the year?
A.) $2,250,000
B.) $1,715,000
C.) $1,495,000
D.) $1,935,000
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