Business, 08.04.2020 03:13 u8p4

Newark Company has provided the following information: Cash sales, $540,000 Credit sales, $1,440,000 Selling and administrative expenses, $420,000 Sales returns and allowances, $99,000 Gross profit, $1,450,000 Increase in accounts receivable, $64,000 Bad debt expense, $42,000 Sales discounts, $52,000 Net income, $1,030,000 How much are Newark's net sales?

A. $ 307,000
B. $ 252,000
C. $ 440,000
D. $ 340,000

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Newark Company has provided the following information: Cash sales, $540,000 Credit sales, $1,440,000...

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