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Company presented the following financial information for the prior two years: 2020 2019 Accounts Receivable 800 700 Inventory 900 1,000 Accounts Payable 200 600 Sales
Company presented the following financial information for the prior two years:
2020 | 2019 | |
Accounts Receivable | 800 | 700 |
Inventory | 900 | 1,000 |
Accounts Payable | 200 | 600 |
Sales | 9,000 | 6,200 |
Cost of Sales | 3,800 | 3,600 |
Problem 6-1
The accounts receivable turnover for 2020 is:
Group of answer choices
12.00
11.25
5.07
9.47
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