24. Used Furniture Co. had net credit sales of $7,500,000 and cost of goods sold of $4,500,000 for the year. The Accounts Receivable balances at the beginning and end of the year were $800,000 and $900,009, 598pecively. The receivables turnover was a. 6.5 times b. 8.3 times 50000 8.8 times. 9.4 times