How much are newark net sales

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Reference no: EM133307195

Newark Company has provided the following information:

Cash sales, $520,000

Credit sales, $1,420,000

Selling and administrative expenses, $400,000

Sales returns and allowances, $97,000

Gross profit, $1,430,000

Increase in accounts receivable, $62,000

Bad debt expense, $40,000

Sales discounts, $50,000

Net income, $1,030,000

How much are Newark's net sales?

$1,753,000.

$1,878,000.

$1,793,000.

$1,940,000.

Reference no: EM133307195

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