Guttery Corporation Has Provided the Following Financial Data from Its

question 158

Multiple Choice

Guttery Corporation has provided the following financial data from its balance sheet: Sales on account in Year 2 totaled $1,450,000 and cost of goods sold totaled $900,000. The company's accounts receivable turnover for Year 2 is closest to:

• A)12.95
• B)1.02
• C)0.98
• D)13.06

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