With a Beginning Accounts Receivable Balance of $40,000,an Ending Balance

question 79

Multiple Choice

With a beginning Accounts Receivable balance of $40,000,an ending balance of $100,000,and net credit sales of $600,000,compute accounts receivable turnover ratio (rounded to the nearest tenth) .

• A)7)6
• B)11.4
• C)8)57
• D)3)8