Question 5

Alpha's net accounts receivable were $500,000 at December 31, 2015, and $600,000 at December 31, 2016.Net cash sales for 2016 were $200,000.The accounts receivable turnover for 2016 was 5.0.Use this information to determine the Fiscal Year 2016: (Round & enter your answers to one decimal place for non-dollar ratios and enter the value. For dollar ratio enter as whole dollars only.)

1. Total Net Sales

2. Total Net Credit Sales

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