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Fraser Company Had $130,000 in Sales on Account Last Year

Question 22

Multiple Choice

Fraser Company had $130,000 in sales on account last year.The beginning accounts receivable balance was $10,000 and the ending accounts receivable balance was $14,000.The company's accounts receivable turnover was closest to:


A) 5.42
B) 13.00
C) 9.29
D) 10.83

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