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Rick's Cars Had a Beginning Account Receivables Balance of $327,000

Question 99

Multiple Choice

Rick's Cars had a beginning account receivables balance of $327,000. The ending account receivables balance was $281,000. Net credit sales for the company were $4,270,000. The accounts receivable turnover for Rick's Cars is: (Round your answer two decimal places.)


A) 13.06.
B) 14.05.
C) 15.20.
D) None of the above is correct.

Correct Answer:

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