Question: Which of the companies has the lowest accounts receivable turnover in the year 20X2? a. Company A. b. Company B. c. Company C. d. CompanyD.
a. Company A.
b. Company B.
c. Company C.
d. CompanyD.
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20X1 20X2 Credit Sales Average Receivables Balance $1.0 million $1.2 million $0.8 million $0.1 million $5.0 million Credit Sales Average Receivables Balance $1.2 million $1.5 million $1.0 million $0.2 mllion $5.4 million Company 5.0 milion 3.0 million s 2.5 million 0.5 miion 6.0 million S 4.0 million 3.0 million 0.6 mllion $28.0 million Industry $%25.0 million
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b is correct Company A 60 milli... View full answer

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