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The Accounts Receivable Turnover for 2021 Is
A)8

Question 24

Multiple Choice

 The following information is available for Patterson Company: 20212020 Accounts receivable 360,000$340,000 Inventory 280,000320,000 Net credit sales 3,150,0002,600,000 Cost of goods sold 1,800,000840,000 Net income 300,000170,000\begin{array}{l}\text { The following information is available for Patterson Company: }\\\begin{array} { l r r } & { 2021 } &{ 2020 } \\\text { Accounts receivable } & 360,000 & \$ 340,000 \\\text { Inventory }& 280,000 & 320,000 \\\text { Net credit sales } & 3,150,000 & 2,600,000 \\\text { Cost of goods sold } & 1,800,000 & 840,000 \\\text { Net income } & 300,000 & 170,000\end{array}\end{array} The accounts receivable turnover for 2021 is


A) 8.8 times.
B) 4.5 times.
C) 9.0 times.
D) 9.3 times.

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