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

question 13

Multiple Choice

Nottingham Corporation had accounts receivable of $100,000 at 1/1.The only transactions affecting accounts receivable were sales of $900,000 and cash collections of $850,000.The accounts receivable turnover is

• A)6.0.
• B)6.6.
• C)7.2.
• D)9.0.

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