Magneto Company Had Net Credit Sales During the Year of $1,350,000

question 38

Multiple Choice

Magneto Company had net credit sales during the year of $1,350,000 and cost of goods sold of $810,000. The balance in accounts receivable at the beginning of the year was $180,000, and the end of the year it was $120,000. What was the accounts receivable turnover?

• A) 5.6
• B) 7.5
• C) 9.0
• D) 11.3

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International Obligations

Duties and responsibilities that a country or an organization owes to the international community, often under international law or treaties.

Extrajudicial Execution

The killing of a person by governmental authorities without the process of a legal trial, often associated with human rights abuses.

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