A Company Had an Accounts Receivable Turnover Ratio of 12

question 103

Multiple Choice

A company had an accounts receivable turnover ratio of 12 and net sales of $744,000 for a given period.What was the average amount of accounts receivables for this period?

• A)$8,928,000
• B)$62,000
• C)$4,380
• D)$169.86
• E)Average accounts receivable cannot be determined from this information.

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