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Powers Company Reported Net Sales of $1,200,000 and Average Accounts

Question 194

Multiple Choice

Powers Company reported Net Sales of $1,200,000 and average Accounts Receivable, net of $78,500. The accounts receivable turnover ratio is:

A) 0.65 times
B) 14.3 times
C) 28.6 times
D) 15.3 times
E) 16.3 times

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