Grandview Grinding,Inc.had net accounts receivable of $135,800 at the beginning of the year and $144,800 at the end of the year.If the company's net sales revenue during the year was $1,753,750,what is the receivables turnover ratio?
A) 12.5
B) 29.2
C) 0.08
D) 0.034
Correct Answer:
Verified
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