Rome Company's Net Accounts Receivable Was $200,000 at December 31,2013

question 45

Essay

Rome Company's net accounts receivable was $200,000 at December 31,2013 and $350,000 at December 31,2014.Net cash sales for 2014 were $250,000.The accounts receivable turnover for 2014 was 8.0,and this turnover figure was computed from net credit sales for the year.
Required:
What were Rome's total net sales for 2014?

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Definitions:

Predictable Variability

Variations in demand, supply, or processes that can be anticipated and planned for based on historical data or trends.

Profitability

The financial metric used to assess the ability of a business to generate earnings compared to its expenses and other relevant costs.

Seasonal Workforce

Employment that changes with the seasons, often increasing during peak production times and decreasing in off-peak seasons.

Peak Season

The time of year when demand for services or goods is highest, often leading to increased business activity.