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The following information pertains to Cycahi Corporation for 200B:
Accounts receivable, January 1, 200B P 8,000
Accounts receivable, December 31, 200B 9,600
Net Cash Sales 3,200
Accounts Receivable turnover for 200B 5 times
Problem 1: The company's net sales for 200B was
Group of answer choices
Option 1: P51,200
Option 2: P88,000
Option 3: P47,200
Option 4: P48,000
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