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Given the following information, compute accounts receivable turnover: Gross sales $150,000 Accounts receivable, beginning of year $18,000 Sales 135,000 Accounts receivable, end of year 22,000
Given the following information, compute accounts receivable turnover:
| Gross sales $150,000 | Accounts receivable, beginning of year $18,000 |
| Sales 135,000 | Accounts receivable, end of year 22,000 |
(A) 6.75
(B) 6.82
(C) 6.13
(D) 7.50
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Financial Accounting Theory
Authors: William R Scott
5th Edition
0132072866, 978-0132072861
