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Frantic Corporation Had $130,000 in Sales on Account Last Year

Question 237

Multiple Choice

Frantic Corporation had $130,000 in sales on account last year. The beginning accounts receivable balance was $10,000 and the ending accounts receivable balance was $16,000. The corporation's accounts receivable turnover was closest to:


A) 5.00
B) 13.00
C) 10.00
D) 8.13

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