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Phillips Company's accounts receivable were $250,0...

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Solution


Question

Phillips Company's accounts receivable were $250,000 at the beginning of the year and $300,000 at the end of the year. Cash sales for the year were $425,000. The accounts receivable turnover was 8 times. What were Phillips Company's total sales for the year?

 

Paper#8100 | Written in 18-Jul-2015

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