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A Company Has Net Sales of $1,200,000 and Average Accounts

Question 48

Multiple Choice

A company has net sales of $1,200,000 and average accounts receivable of $400,000. What is its accounts receivable turnover for the period?

A) 5.00
B) 3.0
C) 20.0
D) 73.0
E) 0.33

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