Multiple Choice
Alda Ltd's accounts receivable for year ended 30 June 2016 was $150 000.Cost of goods sold was $382 500 and the gross margin was 15 per cent.All sales are made on credit.
-What was the accounts receivable turnover?
A) 2.55 times p.a.
B) 2.93 times p.a.
C) 2.8 times p.a.
D) 3 times p.a.
Correct Answer:
Verified
Correct Answer:
Verified
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