A company has a receivables turnover of 10 times.The average net receivables during the period are ¥400,000,000.What is the amount of net credit sales for the period?
A) ¥40,000,000
B) ¥4,000,000,000
C) ¥480,000,000
D) Cannot be determined from the information given
Correct Answer:
Verified
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