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Accounts Receivable on January 1 Was $30,000 And,at the End

Question 9

Multiple Choice

Accounts receivable on January 1 was $30,000 and,at the end of the year it was $50,000.Net credit sales were $200,000.Accounts receivable turnover is:


A) 2.5 times.
B) 4 times.
C) 5 times.
D) 6.67 times.

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