Question: Question Content Area Based on the following data, what is the accounts receivable turnover? Sales on account during year $700,000 Cost of merchandise sold during

Question Content Area

Based on the following data, what is the accounts receivable turnover?

Sales on account during year $700,000
Cost of merchandise sold during year 270,000
Accounts receivable, beginning of year 45,000
Accounts receivable, end of year 35,000
Merchandise inventory, beginning of year 90,000
Merchandise inventory, end of year 110,000

a.17.5

b.2.6

c.20.0

d.15.5

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