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A Company Had Net Sales of $600,000, Total Sales of $750,000

Question 182

Multiple Choice

A company had net sales of $600,000, total sales of $750,000, and an average accounts receivable of $75,000. Its accounts receivable turnover equals:

A) 7.75
B) 10.00
C) 8.00
D) .13
E) .80

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