Question
Perez Company's net accounts receivable were $800,000 at December 31, 2017 and $880,000 at December 31, 2018. Net cash sales for 2018 were $520,000. The
Perez Company's net accounts receivable were $800,000 at December 31, 2017 and $880,000 at December 31, 2018. Net cash sales for 2018 were $520,000. The accounts receivable turnover for 2018 was 9.0. What were Perez's total net sales for 2018?Required to answer. Single choice.
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Accounting For Non-Accounting Students
Authors: John R. Dyson, Ellie Franklin
9th Edition
978-1292128979, 1292128976
