Friday, October 10, 2014

Peavey Company\"s accounts receivable were $430,000 at the beginning of the year and $480,000 at...

Peavey Company\"s accounts receivable were $430,000 at the beginning of the year and $480,000 at the end of the year. Cash sales were $175,000 for the year. The accounts receivable turnover was 5. Peavey Company\"s total sales for the year were:

A) $3,150,000

B) $2,450,000

C) $2,275,000

D) $2,575,000

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