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If Baxter Unlimited Has Annual Sales of $5,000,000 (80% on Credit)

Question 126

Multiple Choice

If Baxter Unlimited has annual sales of $5,000,000 (80% on credit) , and receivables equal to 35% of credit sales, what is its receivables turnover?

A) 3.6 times
B) 2.9 times
C) 2.3 times
D) 7.9 times

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