Multiple Choice
Frantic Company had $130,000 in sales on account last year.The beginning accounts receivable balance was $10,000 and the ending accounts receivable balance was $16,000.The company's accounts receivable turnover was closest to:
A) 5.00 times.
B) 8.13 times.
C) 10.00 times.
D) 13.00 times.
Correct Answer:
Verified
Correct Answer:
Verified
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