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A Company Had Total Sales of $600,000, Net Sales of $550,000

Question 214

Multiple Choice

A company had total sales of $600,000, net sales of $550,000, and an average accounts receivable of $90,000. Its accounts receivable turnover equals:

A) 54.8
B) 1.1
C) 6.3
D) 6.1
E) 63.0

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