Homework Answers
| Correct option is: b. 16.56 | |||
| Workings: | |||
| Accounts receivable turnover | = | Net Sales / Average accounts receivables | |
| = | $1192320 / $72000 | ||
| = | 16.56 | ||
| Average accounts receivables | = | ($64000 + $80000) / 2 | |
| = | $ 72,000 |
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