The financial statements of the Colter Manufacturing Company reports net...

D

David

New member
...sales of $400,000 and accounts receiv? The financial statements of the Colter Manufacturing Company reports net sales of $400,000 and accounts receivable of $80,000 and $40,000 at the beginning of the year and end of year, respectively. What is the receivables turnover ratio for Colter?
A) 6.7 times
B) 10 times
C) 5 times
D) 8 times
 
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