Multiple Choice
With a beginning Accounts Receivable balance of $40,000,an ending balance of $100,000,and net credit sales of $600,000,compute accounts receivable turnover ratio (rounded to the nearest tenth) .
A) 7) 6
B) 11.4
C) 8) 57
D) 3) 8
Correct Answer:
Verified
Correct Answer:
Verified
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