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Steger Corporation Has Current Assets of $450,000,total Current Liabilities of $350,000,net

Question 18

Multiple Choice

Steger Corporation has current assets of $450,000,total current liabilities of $350,000,net credit sales of $1,350,000,beginning accounts receivable of $165,000 and ending accounts receivable of $135,000.What is Steger's accounts receivable turnover?


A) 8.2
B) 10.0
C) 9.0
D) 2.7

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