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CoronadoCompany had net credit sales of $5,013,000 and cost of goods sold of $3,590,000 for...

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Accounting

CoronadoCompany had net credit sales of $5,013,000 and cost of goods sold of $3,590,000 for the year. The Accounts Receivable balances at the beginning and end of the year were $610,000 and $1,061,000, respectively. The accounts receivable turnover was?

  • A. 8.2 times.

  • B. 6.0 times.

  • C. 3.0 times.

  • D. 4.7 times.

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