X Corp's net accounts receivable were P 250,000 at Dec 31, 2019 and P 300,000 at Dec

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X Corp's net accounts receivable were P 250,000 at Dec 31, 2019 and P 300,000 at Dec 31, 2020. Net cash sales for 2020 are P 100,000 and the accounts receivable turnover for 2020 was 5.

What were the company's total net sales for 2020?

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Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Posted Date: May 09, 2023 04:57 AM

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X Corp's net accounts receivable were P 250,000 at Dec 31, 2019 and P 300,000 at Dec

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We can use the accounts receivable turnover to find the total credit sales and ... View the full answer

Intermediate Accounting IFRS

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