Question
Tegrat Company's net accounts receivable were $41,350 at December 31, 2017 and $34,450 at December 31, 2018. Net cash sales for 2018 were $37,750. The
Tegrat Company's net accounts receivable were $41,350 at December 31, 2017 and $34,450 at December 31, 2018. Net cash sales for 2018 were $37,750. The accounts receivable turnover for 2018 was 7.5. What were Tegrat's total net sales for year 2018?
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
