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Total sales for ABC Company

The net accounts receivable for ABC Company were $150,000 at the beginning of the most recent year and $190,000 at the end of the year. If the accounts receivable turnover for the year was 8.5, and 15% of total sales were cash sales, then the total sales for the year were:
A) $1,445,000.
B) $1,700,000.
C) $1,900,000.
D) $1,500,000.

Solution Summary

The solution includes the calculation of the total sales for ABC Company.

$2.19