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Determine what is the accounts receivable turnover

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Problem 1: Based on the following data, what is the accounts receivable turnover?

Sales on account during year$700,000

Cost of merchandise sold during year270,000

Accounts receivable, beginning of year45,000

Accounts receivable, end of year35,000

Merchandise inventory, beginning of year90,000

Merchandise inventory, end of year110,000

a.20.0

b.2.6

c.15.5

d.17.5

Reference no: EM132985677

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