If Baxter Unlimited Has Annual Sales of $5,000,000 (80% on Credit)

question 69

Multiple Choice

If Baxter Unlimited has annual sales of $5,000,000 (80% on credit) , and receivables equal to 35% of credit sales, what is their receivables turnover?

• A)3.6 times
• B)2.9 times
• C)2.3 times
• D)4.2 times

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