Question
Sheridan Company's net accounts receivable were $600,000 at December 31, 2017 and $800,000 at December 31, 2018. Net cash sales for 2018 were $1,000,000. The
Sheridan Company's net accounts receivable were $600,000 at December 31, 2017 and $800,000 at December 31, 2018. Net cash sales for 2018 were $1,000,000. The accounts receivable turnover for 2018 was 6.0. What were Sheridan's total net sales for 2018
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Financial Accounting Cases
Authors: Camillo Lento, Jo-Anne Ryan
3rd Canadian Edition
1119594642, 978-1119594642
