What were Utica’s total net sales for 2007? 1 answer below »

Utica Company’s net accounts receivable were $250,000 at December 31, 2006 and $300,000 at December 31, 2007. Net cash sales for 2007 were $100,000. The accounts receivable turnover for 2007 was 5.0. What were Utica’s total net sales for 2007?

a. $1,475,000

b. $1,500,000

c. $1,600,000

d. $2,750,000

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