Multiple Choice
Magneto Company had net credit sales during the year of $1,350,000 and cost of goods sold of $810,000. The balance in accounts receivable at the beginning of the year was $180,000, and the end of the year it was $120,000. What was the accounts receivable turnover?
A) 5.6
B) 7.5
C) 9.0
D) 11.3
Correct Answer:
Verified
Correct Answer:
Verified
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