The financial statements of Danielle Manufacturing Company report net sales of $750,000 and accounts receivable of $60,000 and $90,000 at the beginning and end of the year, respectively.What is the accounts receivable turnover for Danielle?
A) 5 times
B) 8.3 times
C) 10 times
D) 12.5 times
Correct Answer:
Verified
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