Use the information below to answer the following questions:
Alda Ltd’s average trade debtors for year ended 30 June 2012 was $150 000. Cost of goods sold was $382 500 and the gross margin was 15%. All sales are made on credit.
-What was the accounts receivable turnover?
A) 2.93 times p.a.
B) 2.55 times p.a.
C) it cannot be determined from the information provided
D) 3 times p.a.

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The Answer of Use the information below to answer the following questions:
Alda Ltd’s average trade debtors for year ended 30 June 2012 was $150 000. Cost of goods sold was $382 500 and the gross margin was 15%. All sales are made on credit.
-What was the accounts receivable turnover?
A) 2.93 times p.a.
B) 2.55 times p.a.
C) it cannot be determined from the information provided
D) 3 times p.a.

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