MCQs>Finance & Management>Accounts Receivable>Company X has sales of $5,000,000 and its average balance for accounts receivable was $50,000. What is the accounts receivable turnover ratio?
Accounts Receivable MCQs
Company X has sales of $5,000,000 and its average balance for accounts receivable was $50,000. What is the accounts receivable turnover ratio?
Answer
Correct Answer: 100
Explanation:
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