Question: XYZ ' s receivables turnover is 2 4 x . The accounts receivable at year - end are $ 6 8 0 , 0 0

XYZ's receivables turnover is 24x. The accounts receivable at year-end are $680,000. The average collection period is 30 days. What was the sales figure for the year assuming all sales are on credit?
Multiple Choice
$28,333
$16,320,000
$680,000
$128,333

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