A Company Had an Accounts Receivable Turnover Ratio of 12

Multiple Choice

A company had an accounts receivable turnover ratio of 12 and net sales of $744,000 for a given period.What was the average amount of accounts receivables for this period?

A) $8,928,000
B) $62,000
C) $4,380
D) $169.86
E) Average accounts receivable cannot be determined from this information.