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

Question 111

Multiple Choice

Given the following information, compute Accounts Receivable Turnover:  Gross Sales: $150,000 Accounts Receivable, Beginning of Year: $18,000 Net Sales: $135,000 Accounts Receivable, End of Year: $22,000\begin{array}{|ll|ll|}\hline \text { Gross Sales: } & \$ 150,000 & \text { Accounts Receivable, Beginning of Year: } &\$ 18,000 \\\hline \text { Net Sales: } & \$ 135,000 & \text { Accounts Receivable, End of Year: }& \$ 22,000 \\\hline\end{array}


A) 6.75
B) 7.5
C) 6.13
D) 6.82

Correct Answer:

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