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ABC's Net Accounts Receivable Were $1,000 at December 31, 2013

Question 10

Multiple Choice

ABC's net accounts receivable were $1,000 at December 31, 2013 and $1,200 at December 31, 2014.Net cash sales for 2014 were $400.The accounts receivable turnover for 2014 was 5.0.What were ABC's total net sales for 2014?


A) $5,900
B) $6,400
C) $6,000
D) $11,000
E) None of these choices are correct

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