Multiple Choice
Laventhol Corporation had accounts receivable of $100,000 at 1/1. The only transactions affecting accounts receivable were sales of $1,200,000 and cash collections of $1,150,000. The accounts receivable turnover is
A) 8.0.
B) 8.8.
C) 9.6.
D) 12.0.
Correct Answer:
Verified
Correct Answer:
Verified
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