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Marco Company reported net credit sales of $1,500,000, cost of goods sold of $800,000, and gross profit of $700,000. Accounts Receivable were $175,000 and $225,000
Marco Company reported net credit sales of $1,500,000, cost of goods sold of $800,000, and gross profit of $700,000. Accounts Receivable were $175,000 and $225,000 at the beginning and end of the period, respectively. What is the accounts receivable turnover, rounded to two decimal places? 6.67 times 3.50 times 4.00 times
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