Based on the following data, what is the accounts receivable turnover? Sales on account during year $455,841 Cost of goods sold during year 216,035 Accounts receivable, beginning of year 44,358 Accounts receivable, end of year 48,118 Inventory, beginning of year 87,106 Inventory, end of year 116,902 Оа. 3.9 Ob. 9.9 Ос. 2.1 Od. 10.3

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Based on the following data, what is the accounts receivable turnover?
Sales on account during year
$455,841
Cost of goods sold during year
216,035
Accounts receivable, beginning of year
44,358
Accounts receivable, end of year
48,118
Inventory, beginning of year
87,106
Inventory, end of year
116,902
а. 3.9
Ob. 9.9
С. 2.1
Od. 10.3
Transcribed Image Text:Based on the following data, what is the accounts receivable turnover? Sales on account during year $455,841 Cost of goods sold during year 216,035 Accounts receivable, beginning of year 44,358 Accounts receivable, end of year 48,118 Inventory, beginning of year 87,106 Inventory, end of year 116,902 а. 3.9 Ob. 9.9 С. 2.1 Od. 10.3
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