Multiple Choice
The financial statements of Hudson Manufacturing Company report net sales of $500,000 and accounts receivable of $50,000 and $30,000 at the beginning and end of the year, respectively. What is the receivables turnover ratio for Hudson?
A) 7 times
B) 10 times
C) 16.7 times
D) 12.5 times
Correct Answer:
Verified
Correct Answer:
Verified
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