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With a Beginning Accounts Receivable Balance of $70,000,an Ending Balance

Question 3

Multiple Choice

With a beginning Accounts Receivable balance of $70,000,an ending balance of $140,000,and net credit sales of $800,000,compute accounts receivable turnover ratio (rounded to the nearest tenth) :


A) 7.6.
B) 11.4.
C) 5.7.
D) 3.8.

Correct Answer:

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