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 their receivables turnover?
A) 3.6 times
B) 2.9 times
C) 2.3 times
D) 4.2 times
Correct Answer:
Verified
Correct Answer:
Verified
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