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What the accounts receivable turnover was

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Problem 1: Tamarisk, Inc. had net credit sales of $3750600 and cost of goods sold of $3512000 for the year. The Accounts Receivable balances at the beginning and end of the year were $606000 and $710000, respectively. The accounts receivable turnover was

Option 1: 6.3 times.
Option 2: 5.7 times.
Option 3: 2.9 times.

Reference no: EM132908714

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