Multiple Choice
Perez Company's net accounts receivable were $800,000 at December 31, 2014 and $880,000 at December 31, 2015. Net cash sales for 2015 were $520,000. The accounts receivable turnover for 2015 was 8.0. What were Perez's total net sales for 2015?
A) $4,160,000.
B) $6,720,000.
C) $7,240,000.
D) $6,200,000.
Correct Answer:
Verified
Correct Answer:
Verified
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