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Ratios: Accounts Receivable (AR) Turnover
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Ratios: Accounts Receivable (AR) Turnover
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14. Financial Statement Analysis / Ratios: Accounts Receivable (AR) Turnover / Problem 1
Problem 1
A company has net credit sales of \$900,000 and an average accounts receivable balance of \$300,000. Calculate the accounts receivable turnover ratio.
A
5
B
4
C
2
D
3
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