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A Company Has an Account Receivable Turnover Ratio of 6

Question 60

Multiple Choice

A company has an account receivable turnover ratio of 6. The average accounts receivable during the period are $350,000. What is the amount of net sales for the period?


A) $350,000
B) $2,100,000
C) $58,333
D) Cannot be determined from the information given.

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