Multiple Choice
The Ward Company has provided the following information:
Net sales totaled $750,000.
Beginning net accounts receivable was $65,000.
Ending net accounts receivable was $85,000.
What was Ward's receivable turnover ratio?
A) 10.0
B) 8.8
C) 11.54
D) 5.0
Correct Answer:
Verified
Correct Answer:
Verified
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