Question: Sived Help Save & Exit Submit Norwood Co. reported a receivables turnover ratio of 8.2. Cost of goods sold was $360,000 and net sales revenue

Sived Help Save & Exit Submit Norwood Co. reported a receivables turnover ratio of 8.2. Cost of goods sold was $360,000 and net sales revenue was $508,400. The average net receivables must have been Multiple Choice $46,500 $62,000 $93,000 $124,000 Next 10 of 10

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