Leary Corporation Had Net Credit Sales During the Year of $1,200,000

Multiple Choice

Leary Corporation had net credit sales during the year of $1,200,000 and cost of goods sold of $720,000.The balance in accounts receivable at the beginning of the year was $120,000 and at the end of the year was $180,000.What was the accounts receivable turnover?

A) 8.0
B) 10.0
C) 6.7
D) 4.8