At the beginning of the year,Vici Ventures had accounts receivable of $220,000.At the end of the year,the company had accounts receivable of $340,000.During the year,Vici had total sales of $1,000,000,70% of which were credit sales What was Vici's receivables turnover ratio for the year?
A) 2.50
B) 3.57
C) 2.94
D) 146 days
Correct Answer:
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