Ortny Industries Has an Accounts Receivable Turnover Ratio of 4

question 102

Multiple Choice

Ortny Industries has an accounts receivable turnover ratio of 4.3. If Ortny has an accounts receivable balance of $90,000, what is Ortny's average daily credit sales?

• A) $387,000
• B) $1,548
• C) $1,060
• D) $3,521

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