Martin Sales provides the following information: Net credit sales $500,000
Net accounts receivable,beginning of year 23,500
Net accounts receivable,end of year 18,000
How much is the accounts receivable turnover ratio? (Please round to the nearest whole number.)
A) 0.24
B) 13.00
C) 27.00
D) 24.00
Correct Answer:
Verified
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