DJ Company’s net accounts receivable were P250,000 as of December 31, 2019, and P300,000 as of December 31, 2020. Net cash sales for 2020 were P100,000. The accounts receivable turnover for 2020 was 5.00. What were DJ’s total net sales for 2020? A. P1,500,000 B. P1,475,000 C. P1,400,000 D. P1,375,000
DJ Company’s net accounts receivable were P250,000 as of December 31, 2019, and P300,000 as of December 31, 2020. Net cash sales for 2020 were P100,000. The accounts receivable turnover for 2020 was 5.00. What were DJ’s total net sales for 2020? A. P1,500,000 B. P1,475,000 C. P1,400,000 D. P1,375,000
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....
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DJ Company’s net accounts receivable were P250,000 as of December
31, 2019, and P300,000 as of December 31, 2020. Net cash sales for 2020
were P100,000. The accounts receivable turnover for 2020 was 5.00.
What were DJ’s total net sales for 2020?
A. P1,500,000
B. P1,475,000
C. P1,400,000
D. P1,375,000
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