MCQs>Finance & Management>Accounts Receivable>An account receivable turnover ratio is 5, while the company sales were $100,000. What is average balance of accounts receivable?
Accounts Receivable MCQs
An account receivable turnover ratio is 5, while the company sales were $100,000. What is average balance of accounts receivable?
Answer
Correct Answer: $20000
Explanation:
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