Friday, October 10, 2014

The accounts receivable for Allegro Company was $140,000 at the beginning of the year and $180,000...

The accounts receivable for Allegro Company was $140,000 at the beginning of the year and $180,000 at the end of the year. The accounts receivable turnover for the year was 8.5 and 15% of total sales were cash sales. The total sales for the year were:

A) $1,400,000

B) $1,360,000

C) $1,600,000

D) $1,800,000

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