Multiple Choice
Bill's Dollar Store had a balance in the Accounts Receivable account of $760,000 at the beginning of the year and a balance of $840,000 at the end of the year. Net credit sales during the year amounted to $6,400,000. The accounts receivable turnover was
A) 7.6 times.
B) 8.4 times.
C) 8.0 times.
D) 4.0 times.
Correct Answer:
Verified
Correct Answer:
Verified
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