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Excerpts from Zorra Corporation's Most Recent Balance Sheet Appear Below

Question 151

Multiple Choice

Excerpts from Zorra Corporation's most recent balance sheet appear below: Excerpts from Zorra Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,370 and the cost of goods sold was $850. -The accounts receivable turnover for Year 2 is closest to: A) 6.85 B) 0.87 C) 1.15 D) 6.37 Sales on account in Year 2 amounted to $1,370 and the cost of goods sold was $850.
-The accounts receivable turnover for Year 2 is closest to:


A) 6.85
B) 0.87
C) 1.15
D) 6.37

Correct Answer:

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