Multiple Choice
A company had an accounts receivable turnover ratio of 8 and net sales of $600,000 for a given period.What was the average accounts receivable amount for this period?
A) $4,800,000.
B) $2,919.99.
C) $205.48.
D) $75,000.
E) Average accounts receivable cannot be determined from this information.
Correct Answer:
Verified
Correct Answer:
Verified
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