Bill's Dollar Store Had a Balance in the Accounts Receivable

question 3

Multiple Choice

Bill's Dollar Store had a balance in the Accounts Receivable account of $760,000 at the beginning of the year and a balance of $840,000 at the end of the year. Net credit sales during the year amounted to $6,400,000. The accounts receivable turnover was

• A) 7.6 times.
• B) 8.4 times.
• C) 8.0 times.
• D) 4.0 times.