Total sales at a store are $1,000,000 and 80% of those sales are on credit. Thebeginning and ending accounts receivable balances are $100,000 and $140,000,respectively. What is the accounts receivable turnover?a. 3.33b. 6.67c. 8.33d. 10.67

Total sales at a store are $1,000,000 and 80% of those sales are on credit. Thebeginning and ending accounts receivable balances are $100,000 and $140,000,respectively. What is the accounts receivable turnover?a. 3.33b. 6.67c. 8.33d. 10.67

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Description: Total sales at a store are $1,000,000 and 80% of those sales are on credit. Thebeginning and ending accounts receivable balances are $100,000 and $140,000,respectively. What is the accounts receivable turnover?a. 3.33b. 6.67c. 8.33d. 10.67

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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