Accounts receivable turnover question

Reference no: EM13258516

Company has net sales onaccount of $1,500,000. Net accounts receivable at the beginning ofthe year are $600,000 and net accounts receivable at the end of theyear are $650,000. The accounts receivable turnover is:

1) .42

2) .53

3) 1.2

4) 2.4

Reference no: EM13258516

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