Multiple Choice
Frabine Company had $150,000 in sales on account last year.The beginning accounts receivable balance was $14,000 and the ending accounts receivable balance was $18,000.The company's accounts receivable turnover was closest to:
A) 4.69 times.
B) 8.33 times.
C) 9.38 times.
D) 10.71 times.
Correct Answer:
Verified
Correct Answer:
Verified
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