Powers Company Reported Net Sales of $1,200,000 and Average Accounts

question 122

Multiple Choice

Powers Company reported Net sales of $1,200,000 and average Accounts Receivable,net of $78,500.The accounts receivable turnover ratio is:

• A)0.65 times.
• B)14.3 times.
• C)28.6 times.
• D)15.3 times.
• E)16.3 times.

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