Multiple Choice
With a beginning Accounts Receivable balance of $60,000, an ending balance of $66,000, and net credit sales of $520,000, compute accounts receivable turnover ratio. (Round your answer two decimal places.)
A) 0.12
B) 8.25
C) 8.67
D) 7.88
Correct Answer:
Verified
Correct Answer:
Verified
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