Multiple Choice
Arnold Company had $650,000 in sales on account last year. The beginning accounts receivable balance was $24,000 and the ending accounts receivable balance was $36,000. The company's accounts receivable turnover ratio was closest to
A) 21.67.
B) 10.83.
C) 27.08.
D) 18.06.
Correct Answer:
Verified
Correct Answer:
Verified
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