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Question 11 5 Points In 2020, Target, a major retailer, had net income of $4,368,000 and sales of $11,544,000 and accounts receivable of $962,000. It
Question 11 5 Points In 2020, Target, a major retailer, had net income of $4,368,000 and sales of $11,544,000 and accounts receivable of $962,000. It has a cash balance of $2,577,00 and inventory of $8,922,000. What is the accounts receivable turnover rate? A Accounts Receivable Turnover Rate = 12.0 Accounts Receivable Turnover Rate = 11.0 Accounts Receivable Turnover Rate = 13.0 Accounts Receivable Turnover Rate = 4.54 B D
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