Question: Based on the following data for the current year, determine the accounts receivable turnover? Net sales on account during the year $ 525,500 Cost of

Based on the following data for the current year, determine the accounts receivable turnover? Net sales on account during the year $ 525,500 Cost of merchandise sold during the year 375,000 Accounts receivable, beginning of year 50,000 Accounts receivable, end of year 40,000 Inventory, beginning of year 110,000 Inventory, end of year 140,000

13.14

11.7

10.35

8.3

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