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Question
ford hardware store had net credit sales of $3,920,000 and cost of goods sold of $3,000,000 for the year. the accounts receivable balances at the beginning and end of the year were $650,000 and $750,000, respectively. the receivables turnover ratio was
a.6.5 times
b.6.0 times
c.5.6 times
d.6.2 times
Answer
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