The following information is available for Rivers, Inc.: 12/31/20A2 12/31/20A1 Cost of Goods Sold $ 900,000 $ 700,000 Net Sales 1,500,000 1,000,000 Accounts Receivable 180,000 200,000 Allowance for Doubtful Accounts 30,000 40,000 What was the accounts receivable turnover ratio for 20A2? Group of answer choices 8.33 9.68 7.89 5.81
The following information is available for Rivers, Inc.:
12/31/20A2 12/31/20A1
Cost of Goods Sold $ 900,000 $ 700,000
Net Sales 1,500,000 1,000,000
Allowance for Doubtful Accounts 30,000 40,000
What was the accounts receivable turnover ratio for 20A2?
Group of answer choices
8.33
9.68
7.89
5.81
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