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How much are newark net sales

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Reference no: EM133001778

Newark Company has provided the following information:

Cash sales, $470,000

Credit sales, $1,370,000

Selling and administrative expenses, $350,000

Sales returns and allowances, $92,000

Gross profit, $1,380,000

Increase in accounts receivable, $57,000

Bad debt expense, $35,000

Sales discounts, $45,000

Net income, $1,030,000

Problem 1: How much are Newark's net sales?

Reference no: EM133001778

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