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Compute what the receivables turnover was

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Problem 1: Baguio Hardware Store had net credit sales of P6,500,000 and cost of goods sold of P5,000,000 for the year. The Accounts Receivable balances at the beginning and end of the year were P600,000 and P700,000, respectively. The receivables turnover was

Group of answer choices

A. 10.0 times

B. 9.3 times.

C 7.7 times.

D. 10.8 times.

Reference no: EM132719773

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