Based on the Following Data for the Current Year, Determine

question 16

Multiple Choice

Based on the following data for the current year, determine the accounts receivable turnover? $\begin{array}{ll}\$ 525,500 & \text { Net sales on account during the year } \\375,000 & \text { Cost of merchandise sold during the yeat } \\50,000 & \text { Accounts receivable, be ginning of year } \\40,000 & \text { Accounts receivable, end of year } \\110,000 & \text { Inventory, be ginning of year } \\140,000 & \text { Inventory, end of year }\end{array}$

• A) 13.14
• B) 11.7
• C) 10.35
• D) 8.3

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