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Multiple Choice Quest 12 Ayval Corp. had netrdes during the 105000 d h e correct the 30000 10.5 53
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Answer #1

Answer: 8.5

Explanation

Accounts Receivable Turnover Ratio = Credit sales / Average Accounts Receivable

= $ 1,105,000 / [($ 120,000 + 140,000)/2]

= $ 1,105,000 / $ 130,000

= 8.5 times

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