Multiple Choice
Fracus Company had $100,000 in sales on account last year.The beginning accounts receivable balance was $14,000 and the ending accounts receivable balance was $16,000.The company's accounts receivable turnover was closest to:
A) 3.33 times.
B) 6.25 times.
C) 6.67 times.
D) 7.14 times.
Correct Answer:
Verified
Correct Answer:
Verified
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