Based on the Following Data, What Is the Accounts Receivable

question 56

Multiple Choice

Based on the following data, what is the accounts receivable turnover? Sales on account during year
$700,000
Cost of merchandise sold during year
270,000
Accounts receivable, beginning of year
45,000
Accounts receivable, end of year
35,000
Inventory, beginning of year
90,000
Inventory, end of year

• A) 17.5 110,000
• B) 2.6
• C) 20.0
• D) 15.5