Question
Marigold Corp.'s net accounts receivable were $767000 at December 31, 2017 and $905000 at December 31, 2018. Net cash sales for 2018 were $503000. The
Marigold Corp.'s net accounts receivable were $767000 at December 31, 2017 and $905000 at December 31, 2018. Net cash sales for 2018 were $503000. The accounts receivable turnover for 2018 was 10.0. What were Marigold's total net sales for 2018?
$9050000.
$8360000.
$8863000.
$5030000.
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Management Accounting
Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton
7th Edition
978-1760421144, 1760421146
