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Abbott Company Presents the Following Data for 2012 The Accounts Receivable Turnover in Times Per Year Is:
A)6

Question 1

Multiple Choice

Abbott Company presents the following data for 2012. Receivables, end of year, less allowances for losses and discounts of $115,960$2,370,100Recervables, beginning of year, less allowance for losses and discounts of $ 102,330 2,443,140Net Sales 24,417,090\begin{array}{l}\begin{array} {lll } \text {Receivables, end of year, less allowances for losses and discounts of \$115,960}&\$2,370,100\\\text {Recervables, beginning of year, less allowance for losses and discounts of \$ 102,330 }&2,443,140\\\text {Net Sales }&24,417,090\\\end{array}\end{array} The accounts receivable turnover in times per year is:


A) 6.9.
B) 7.9.
C) 10.7.
D) 9.7.
E) 11.0.

Correct Answer:

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