Excerpts from Zorra Corporation's Most Recent Balance Sheet Appear Below

question 151

Multiple Choice

Excerpts from Zorra Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,370 and the cost of goods sold was $850.
-The accounts receivable turnover for Year 2 is closest to:

• A)6.85
• B)0.87
• C)1.15
• D)6.37

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