Based on the Following Data, What Is the Accounts Receivable

Based on the following data, what is the accounts receivable turnover
$\begin{array}{lr}\text { Sales on account during year } & \$ 700,000 \\\text { Cost of goods sold during year } & 270,000 \\\text { Accounts receivable, beginning of year } & 45,000 \\\text { Accounts receivable, end of year } & 35,000 \\\text { Inventory, beginning of year } & 90,000 \\\text { Inventory, end of year } & 110,000\end{array}$

A) 17.5
B) 2.6
C) 20.0
D) 15.5

Correct Answer:

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