Based on the Following Data for the Current Year, What

Based on the following data for the current year, what is the accounts receivable turnover? $\begin{array}{ll}\$ 500,000 & \text { Net sales on account churing year } \\300,000 & \text { Cost of merchandise sold during year } \\45,000 & \text { Accounts receivable, beginning of year } \\35,000 & \text { Accounts receivable, end of year } \\90,000 & \text { Inventory, beginning of year } \\110,000 & \text { Inventory, end of year }\end{array}$

A) 12.5
B) 11.1
C) 10.0
D) 14.3

Correct Answer:

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