Abbott Company Presents the Following Data for 2012 The Accounts Receivable Turnover in Times Per Year Is:
A)6

question 40

Multiple Choice

Abbott Company presents the following data for 2012. $\begin{array}{llcc} \text { Receivables, end of year, less allowances for losses and discounts of} & \\ \text { \( \$ 115,960 \) } &\$2,370,100\\ \text { Receivables, beginning of year, less allowance for losses and discounts of } &\\ \text { \( \$ 102,330 \) } &2,443,140\\ \text { \text { Net Sales } } &24,417,090\\\end{array}$

The accounts receivable turnover in times per year is:

• A)6.9.
• B)7.9.
• C)10.7.
• D)9.7.
• E)11.0.

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