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Oriole Department Store had a balance in its Accounts Receivable account of $746000 at the beginning of the year and a balance of $786000
Oriole Department Store had a balance in its Accounts Receivable account of $746000 at the beginning of the year and a balance of $786000 at the end of the year. Net credit sales amounted to $7277000 and cost of goods sold amounted to $2825000. The receivables turnover for the year is 9.3 times. 9.50 times. 3.69 times. 9.8 times.
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