Multiple Choice
Somen to Park Corporation had net credit sales of $5,075,000 and cost of goods sold of $3,750,000 for the year. The Accounts Receivable balances at the beginning and end of the year were $650,000 and $750,000, respectively. The accounts receivable turnover was
A) 7.8 times.
B) 6.8 times.
C) 7.3 times.
D) 5.4 times.
Correct Answer:
Verified
Correct Answer:
Verified
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