Question: Exercise 6 - 3 Determining receivable turnover ( LO 6 - 3 ) Utica Company's net accounts receivable was $ 2 5 0 , 0

Exercise 6-3 Determining receivable turnover (LO6-3)
Utica Company's net accounts receivable was $250,000 at December 31,20X0, and $300,000 at December 31,20X1. Net cash sales
for 201 were $100,000. The accounts receivable turnover for 201 was 5.0, which was computed from net credit sales for the year.
Required:
What was Utica's total net sales for 20X1?
 Exercise 6-3 Determining receivable turnover (LO6-3) Utica Company's net accounts receivable

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