Question: 23. Based on the following data for the current year, what is the accountsreceivable turnover? Net sales on account during year $500,000Cost of merchandise sold

23. Based on the following data for the current year, what is the accountsreceivable turnover? Net sales on account during year $500,000Cost of merchandise sold during year 300,000Accounts receivable, beginning of year 45,000Accounts receivable, end of year 35,000Inventory, beginning of year 90,000Inventory, end of year 110,000 a. 12.5b. 11.1c. 10.0d. 14.3

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