Question: Below are some financial data for Fawnsworth Industries' current year Net sales on account during year Cost of merchandise sold during year Accounts receivable, beginning
Below are some financial data for Fawnsworth Industries' current year Net sales on account during year Cost of merchandise sold during year Accounts receivable, beginning of year Accounts receivable, end of year Inventory, beginning of year Inventory, end of year $500,000 300,000 45,000 35.000 90,000 110,000 Based on this information, what is the accounts receivable turnover for the current period? 10.0 times 11.1 times 12.5 times 14.3 times
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