Frantic Corporation Had $130,000 in Sales on Account Last Year

question 237

Multiple Choice

Frantic Corporation had $130,000 in sales on account last year. The beginning accounts receivable balance was $10,000 and the ending accounts receivable balance was $16,000. The corporation's accounts receivable turnover was closest to:

• A) 5.00
• B) 13.00
• C) 10.00
• D) 8.13