Frabine Company Had $150,000 in Sales on Account Last Year

question 214

Multiple Choice

Frabine Company had $150,000 in sales on account last year.The beginning accounts receivable balance was $14,000 and the ending accounts receivable balance was $18,000.The company's accounts receivable turnover was closest to:

• A) 4.69 times.
• B) 8.33 times.
• C) 9.38 times.
• D) 10.71 times.

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