Based on the Following Data for the Current Year, What

question 158

Multiple Choice

Based on the following data for the current year, what is the accounts receivable turnover? $\begin{array}{ll}\$ 500,000 & \text { Net sales on account churing year } \\300,000 & \text { Cost of merchandise sold during year } \\45,000 & \text { Accounts receivable, beginning of year } \\35,000 & \text { Accounts receivable, end of year } \\90,000 & \text { Inventory, beginning of year } \\110,000 & \text { Inventory, end of year }\end{array}$

• A) 12.5
• B) 11.1
• C) 10.0
• D) 14.3

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