Multiple Choice
In 20X3, G CO. reported product sales of $717.8 million and trade receivables of $79.4 million. In 20X2, product sales were $584.9 million and trade receivables were $71.4 million. What was its receivables turnover ratio for 20X3?
A) 8.19
B) 8.64
C) 9.04
D) 9.52
Correct Answer:
Verified
Correct Answer:
Verified
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