Question
Rome Companys net accounts receivable was $200,000 at December 31, 20X1 and $350,000 at December 31, 20X2. Net cash sales for 20X2 were $250,000. The
Rome Companys net accounts receivable was $200,000 at December 31, 20X1 and $350,000 at December 31, 20X2. Net cash sales for 20X2 were $250,000. The accounts receivable turnover for 20X2 was 8.0, and this turnover figure was computed from net credit sales for the year.
What were Romes total net sales for 20X2?
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Financial Accounting Longman Modular Texts In Business And Economics
Authors: Christopher Waterston, Anne Britton
2nd Edition
058238169X, 978-0582381698
