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Given the Following Information, Compute Accounts Receivable Turnover A) 675
B) 7

Question 44

Multiple Choice

Given the following information, compute accounts receivable turnover.  Gross sales $150,000 Accounts receivable, beginning of year $18,000 Sales 135,000 Accounts receivable, end of year 22,000\begin{array}{|lr|ll|}\hline \text { Gross sales } & \$ 150,000 & \text { Accounts receivable, beginning of year } & \$ 18,000 \\\hline \text { Sales } & 135,000 & \text { Accounts receivable, end of year } & 22,000 \\\hline\end{array}


A) 6.75
B) 7.50
C) 6.13
D) 6.82

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