Multiple Choice
Miller Company had $120,000 in sales on account last year. The beginning accounts receivable balance was $8,000 and the ending accounts receivable balance was $14,000. The company's accounts receivable turnover ratio was closest to
A) 5.45.
B) 8.57.
C) 10.91.
D) 15.00.
Correct Answer:
Verified
Correct Answer:
Verified
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