Multiple Choice
Based on the following data, what is the accounts receivable turnover?Sales on account during year$700,000Cost of goods sold during year270,000Accounts receivable, beginning of year45,000Accounts receivable, end of year35,000Inventory, beginning of year90,000Inventory, end of year110,000
A) 17.5
B) 2.6
C) 20.0
D) 15.5
Correct Answer:
Verified
Correct Answer:
Verified
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