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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
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
1118334329, 978-1118334324
