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7.9 times.
7.4 times.
8.4 times.
3.9 times.
Multiple Choice Question 134
Novak Corp. had a balance in the Accounts Receivable account of
$813000 at the beginning of the year and a balance of $906000 at the
end of the year. Net credit sales during the year amounted to $8068000.
The accounts receivable turnover was
10 times.
9.9 times.
8.9 times.
9.4 times.
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ACC 561 Week 1 Individual Assignment Financial Statements
(2 Papers) (New Syllabus)