The Rye Corporation Has Provided the Following Information

question 18

Multiple Choice

The Rye Corporation has provided the following information:
Total sales were $1,200,000.
Beginning net accounts receivable was $45,000.
Ending net accounts receivable was $65,000.
Sales returns and allowances totaled $100,000.
What was Rye's receivable turnover ratio?

• A)21.8
• B)18.5
• C)10.0
• D)20.0

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