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Frantic Company Had $130,000 in Sales on Account Last Year

Question 52

Multiple Choice

Frantic Company had $130,000 in sales on account last year.The beginning accounts receivablebalance was $10,000,and the ending accounts receivable balance was $16,000.The company's accounts receivable turnover was closest to which of the following?


A) 5.00 times.
B) 8.13 times.
C) 10.00 times.
D) 13.00 times.

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