Jeter Industries has an accounts receivable turnover ratio of 4.5. If
Jeter Industries has an accounts receivable turnover ratio of 4.5. If Jeter has an accounts receivable
balance of $100,000, what is Jeter’s average daily credit sales?
A) $22,222.22 B) $1,893.45 C) $745.23 D) $1,232.88
ANSWER
D
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