Multiple Choice
Leary Corporation had net credit sales during the year of $900,000 and cost of goods sold of $540,000. The balance in receivables 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) 6.0
B) 7.5
C) 5.0
D) 3.6
Correct Answer:
Verified
Correct Answer:
Verified
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