A firm has sales of $1 million, net income of $250,000, total current
A firm has sales of $1 million, net income of $250,000, total current assets of $300,000, and accounts receivable of $200,000. The firm’s accounts receivable turnover is
A) 0.33 times.
B) 0.20 times.
C) 1.50 times.
D) 5.00 times.
E) 1.25 times.
ANSWER
D
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