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What amount did the company collect from credit customers

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Reference no: EM132660298

Question - The following information is taken Aiello Corporation's fiscal 2016 annual report.

Selected Balance Sheet Data 2016 2015

Inventories $221,418 $121,333

Accounts Receivable $226,893 $122,087

Assume that Aiello Corporation had $1,003,881 sales on credit during fiscal year 2016. What amount did the company collect from credit customers during the year?

a. $1,003,881

b. $1,004,635

c. $1,003,127

d. $1,247,301

Reference no: EM132660298

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