Alpha’s net accounts receivable were $500,000 at December 31, 2015, and $600,000 at December 31, 2016. Net cash sales for 2016 were $300,000.
Alpha’s net accounts receivable were $500,000 at December 31, 2015, and $600,000 at December 31,
2016. Net cash sales for 2016 were $300,000. The accounts receivable turnover for 2016 was 5.5. Use this information to determine the Fiscal Year 2016: (Round & enter your answers to one decimal place for non-dollar ratios and enter the value. For dollar ratio enter as whole dollars only.) show your work
1. Total Net Sales
2. Total Net Credit Sales
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