The Financial Statements of the Nelson Manufacturing Company Reports Net

question 138

Multiple Choice

The financial statements of the Nelson Manufacturing Company reports net sales of $300,000 and accounts receivable of $50,000 and $30,000 at the beginning of the year and end of year, respectively. What is the accounts receivable turnover for Nelson?

• A) 3.8 times
• B) 6 times
• C) 10.0 times
• D) 7.5 times

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