Multiple Choice
Eastham Company's accounts receivable were $600,000 at the beginning of the year and $800,000 at the end of the year.Cash sales for the year were $300,000.The accounts receivable turnover for the year was 5 times.Eastham Company's total sales for the year were:
A) $800,000.
B) $1,300,000.
C) $3,300,000.
D) $3,800,000.
Correct Answer:

Verified
Correct Answer:
Verified
Q19: Reference: 13-02<br>Financial statements for Larned Company
Q39: Financial statements for AAR Company appear below:
Q134: Larosa Company's price-earnings ratio on December 31,20
Q135: Perlman Company had 100,000 shares of common
Q136: Orantes Company's average collection period (age of
Q137: The time interest earned ratio is calculated
Q139: Lisa Inc.'s return on common shareholders' equity
Q141: Selected financial data for Irvington Company appear
Q142: Laroche Company's dividend yield ratio on December
Q143: Calculate the debt-to-equity ratio for 20 ×