Multiple Choice
Beverage International reports net credit sales for the year of $240,000.The company's accounts receivable balance at the beginning of the year equaled $20,000 and the balance at the end of the year equaled $30,000.What is Beverage International's receivables turnover ratio?
A) 12.0.
B) 9.6.
C) 8.0.
Correct Answer:
Verified
Correct Answer:
Verified
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