Tower, Inc. had net sales of $4,725,000 during 2019. On January 1, 2019, Tower's accounts receivable were $960,000. On December 31, 2019, Tower's accounts receivable were $1,200,000.
What was Tower's accounts receivable turnover for 2019?
A) 4.93
B) 4.38
C) 8.53
D) 2.78
Correct Answer:
Verified
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