Solved

Powers Company Reported Net Sales of $1,200,000 and Average Accounts

Question 58

Multiple Choice

Powers Company reported Net sales of $1,200,000 and average Accounts Receivable, net of $78,500. The accounts receivable turnover ratio is:

A) 15.3 times.
B) 16.3 times.
C) 14.3 times.
D) 28.6 times.
E) 0.65 times.

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