Multiple Choice
Nu Plastics has accounts receivable of $6,400, inventory of $11,600, cash of $1,300, accounts payable of $8,800, sales of $117,600, and cost of goods sold of $89,300. What is the net working
Capital turnover rate?
A) 6.09
B) 7.21
C) 7.60
D) 10.87
E) 11.20
Correct Answer:
Verified
Correct Answer:
Verified
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