A Company Has a Receivables Turnover of 10 Times

question 16

Multiple Choice

A company has a receivables turnover of 10 times.The average net receivables during the period are ¥400,000,000.What is the amount of net credit sales for the period?

• A)¥40,000,000
• B)¥4,000,000,000
• C)¥480,000,000
• D)Cannot be determined from the information given

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