Mike McKinney Corporation Had Accounts Receivable of $100,000 at 1/1

question 10

Multiple Choice

Mike McKinney Corporation had accounts receivable of $100,000 at 1/1.The only transactions affecting accounts receivable were sales of $600,000 and cash collections of $550,000.The accounts receivable turnover is

• A)4.0.
• B)4.4.
• C)4.8.
• D)6.0.

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