Essay
Caraway Company's net accounts receivable was $300,000 at December 31,2012 and $450,000 at December 31,2013.Net cash sales for 2008 were $425,000.The accounts receivable turnover for 2013 was 7.0,and this turnover figure was computed from net credit sales for the year.
Required:
What were Caraway's total net sales for 2013?
Correct Answer:
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$3,050,000
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Correct Answer:
Verified
Calculations: Total net sales...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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