A Company Had an Accounts Receivable Turnover Ratio of 8

question 102

Multiple Choice

A company had an accounts receivable turnover ratio of 8 and net sales of $600,000 for a given period.What was the average accounts receivable amount for this period?

• A)$4,800,000.
• B)$2,919.99.
• C)$205.48.
• D)$75,000.
• E)Average accounts receivable cannot be determined from this information.

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