Parker Hardware Store had net credit sales of $8,000,000 and cost of goods sold of $5,000,000 for the year. The Accounts Receivable balances at the beginning and end of the year were $600,000 and $700,000, respectively. The receivables turnover was:.
a. 7.7 times.
b. 4.6 times.
c. 11.4 times.
d. 12.3 times.
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Parker Hardware Store had net credit sales of $8,000,000 and cost of goods sold of $5,000,000 for th...
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