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Guttery Corporation Has Provided the Following Financial Data from Its

Question 158

Multiple Choice

Guttery Corporation has provided the following financial data from its balance sheet: Guttery Corporation has provided the following financial data from its balance sheet: Sales on account in Year 2 totaled $1,450,000 and cost of goods sold totaled $900,000. The company's accounts receivable turnover for Year 2 is closest to: A) 12.95 B) 1.02 C) 0.98 D) 13.06 Sales on account in Year 2 totaled $1,450,000 and cost of goods sold totaled $900,000. The company's accounts receivable turnover for Year 2 is closest to:


A) 12.95
B) 1.02
C) 0.98
D) 13.06

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