Multiple Choice
Accounts receivable on January 1 was $38,000 and, at the end of the year it was $53,000. Net credit sales were $168,000. Accounts receivable turnover is: (Round your answer two decimal places.)
A) 1.85 times.
B) 3.69 times.
C) 4.42 times.
D) 11.20 times.
Correct Answer:
Verified
Correct Answer:
Verified
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