Multiple Choice
The financial statements of the Nelson Manufacturing Company reports net sales of $300,000 and accounts receivable of $50,000 and $30,000 at the beginning of the year and end of year, respectively. What is the accounts receivable turnover for Nelson?
A) 3.8 times
B) 6 times
C) 10.0 times
D) 7.5 times
Correct Answer:
Verified
Correct Answer:
Verified
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