Multiple Choice
Use the following information for questions
The financial statements of Bolero Manufacturing Inc. report net credit sales of $900,000 and accounts receivable of $80,000 and $40,000 at the beginning of the year and end of the year, respectively.
-What is the receivables turnover ratio for Bolero?
A) 7.5 times
B) 11.25 times
C) 15.0 times
D) 22.5 times
Correct Answer:
Verified
Correct Answer:
Verified
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