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How much are Newark net sales

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Reference no: EM132875863

Question - Newark Company has provided the following information:

Cash sales, $570,000

Credit sales, $1,470,000

Selling and administrative expenses, $450,000

Sales returns and allowances, $102,000

Gross profit, $1,480,000

Increase in accounts receivable, $67,000

Bad debt expense, $45,000

Sales discounts, $55,000

Net income, $1,030,000

Required - How much are Newark's net sales?

Reference no: EM132875863

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